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James Machinery Ltd makes machines which sells for $50,000 each. What is the opportunity cost of thirty (30) machines? a. $1,500,000 b. the profits that
James Machinery Ltd makes machines which sells for $50,000 each. What is the opportunity cost of thirty (30) machines?
a.
$1,500,000
b.
the profits that James Machinery Ltd earns when it sells the thirty machines.
c.
the other goods that could be produced with the resources that produce the thirty (30) machines.
d.
the profits that James Machinery Ltd loses if it does not produce the machines.
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