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2. you own an old car that you don't need. you have 3 option. option A: sell the car as-is for $500. Option B: overhaul
2. you own an old car that you don't need. you have 3 option. option A: sell the car as-is for $500. Option B: overhaul car at a cost of 2,300 and then sell it for 3000. option C: donate the care to charity for a tax refund worth 600. what is the opportunity cost for option c?
a)100
b)500
c)600
d)700
e)1,200
. in choosing the best decision option. do we
a) maximize sales revenue
b)maximize profit
c) maximize opportunity costs and minimize opportunity revenue
d)minimize costs
e)all of the above
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