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Longview Baskets has in its inventory 2 comma 4002,400 damaged baskets that cost $ 25 comma 000$25,000 The baskets can be sold in their present
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Longview Baskets has in its inventory
2 comma 4002,400
damaged baskets that cost
$ 25 comma 000$25,000
The baskets can be sold in their present condition for
$ 16 comma 000$16,000,
or repaired at a cost of
$ 18 comma 000$18,000
and sold for
$ 39 comma 000$39,000.
What is the opportunity cost of selling the baskets in their present condition?
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