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Shelley Company is thinking of adding a new product line. The two lines it is considering adding are Apples and Oranges. They give you the
Shelley Company is thinking of adding a new product line. The two lines it is considering adding are Apples and Oranges. They give you the following budgeted relevant costs and revenues.
Apples | Oranges | |
REVENUES | $100 | $150 |
COSTS | 60 | 80 |
PROFIT | $ 40 | $ 70 |
They decided to add Apples. The opportunity cost from that decision is:
Group of answer choices
$70
$40
$30
$0
Cannot be determined from the information given.
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