Multiple Choice
A firm built an inventory of 16-bit chips for $50,000 last year.However,the introduction of 32-bit chips lowers the market price for 16-bit chips and the inventory can only be sold for $40,000 now.What is the opportunity cost of the inventory of 16-bit chips?
A) $50,000
B) $40,000
C) $10,000
D) $90,000
Correct Answer:
Verified
Correct Answer:
Verified
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