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Which of the following is an example of an opportunity cost? a. The cost of a report done 3 years ago to investigate the potential
Which of the following is an example of an opportunity cost?
a. | The cost of a report done 3 years ago to investigate the potential of a new plant and the permits required to build it. | |
b. | A soft drink company introduces a new drink which reduces sales of one of their existing soft drinks. | |
c. | Apple's investment in the iTunes music store boosted sales of its iPod. | |
d. | A firm has a vacant store that can be used for introducing a new store for the project. If the new store is not introduced, the firm could rent the store space for $3000. |
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