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asjstr asjstr
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5 years ago

Hill's Pet Nutrition, Inc. of Topeka, Kansas has three alternatives for manufacturing pet foods:



Alternative 1: Manufacture cat food alone and obtain a profit of $20 million.

Alternative 2: Manufacture dog food alone and obtain a profit of $30 million.

Alternative 3: Manufacture both dog food and cat food and obtain a profit of $45 million.



The opportunity cost of the firm is:



• $15 million.

• $20 million.

• $30 million.

• $45 million.
Textbook 
Introduction to Agricultural Economics

Introduction to Agricultural Economics


Edition: 7th
Authors:
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Nikki_LYNNNikki_LYNN
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5 years ago
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5 years ago
Brilliant ツ
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Just got PERFECT on my quiz
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