Multiple Choice
A small business owner is planning to purchase a new office computer for $1,000. The opportunity cost of purchasing this computer is
A) $900
B) $1,000
C) $1,100
D) Unknown, since we don't know the owner's next best alternative.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q3: Suppose in a particular production process that
Q8: When isocost lines shift outward from the
Q15: The "equal bang per buck" condition refers
Q27: A firm uses capital and labor to
Q40: A high elasticity of substitution between capital
Q41: Suppose for a particular production function
Q42: A firm's production function is given
Q43: To derive the equation for an
Q45: A firm's production function is given
Q67: Isocost lines represent:<br>A)the same value for every