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1. The cost of an apple is $2, its price is $3, and its salvage value is $0. If this company were to underestimate demand,
1. The cost of an apple is $2, its price is $3, and its salvage value is $0. If this company were to underestimate demand, it would miss out on ____ per unit. a. $1 b. $3 c. $2 d. $0
2. The cost of an orange is $1, its price is $3, and its salvage value is $0. If this company were to overestimate demand, it would have a cost of ____ per unsold unit. a. $1 b. $3 c. $2 d. $0
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