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Isaac Joliot has been asked to sort through a list of costs and identify the opportunity costs. Which ONE of the following is an opportunity

Isaac Joliot has been asked to sort through a list of costs and identify the "opportunity" costs. Which ONE of the following is an opportunity cost? Cash savings that would have resulted by using a different inventory supplier last month Increase in wages paid to factory maintenance personnel Budgeted amount of cash payment for next month's electricity usage Amount paid to buy land three years ago

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