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An agribusiness may undertake three alternatives: Alternative 1: buy cane sugar and manufacture various sugars and sweets, making a profit of $10 million. Alternative 2:
An agribusiness may undertake three alternatives:
Alternative 1: buy cane sugar and manufacture various sugars and sweets, making a profit of $10 million.
Alternative 2: buy wheat and produce bread, rolls, or pastries, making a profit of $15 million; or
Alternative 3: buy corn and produce Tex-Mexs foods, making a profit of $12
million
The opportunity cost associated with these three choices is
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