Last one:
Out-of-Pocket Costs and Opportunity Costs
Which one of the following is an example of an opportunity cost?
a. Revenue lost from sale of cakes by deciding to sell only cookies
b. Wages paid to construction workers
c. Materials used to assemble computers
d. Ordering costs related to a customer’s special order of guitar strings
e. Rent paid for the use of a factory building

Question

anonymous · Answer

a. Revenue lost from sale of cakes by deciding to sell only cookies is the answer.
Explanation:
Hi Kelly Opportunity Costs arises mainly becoz of mutually exclusive projects.Its like what is the cost of dropping the other project.

anonymous · Answer

Amazing!! Thank you sooo much for your help!

anonymous · Answer

!

anonymous · Answer

why a?