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djsmyers djsmyers
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6 years ago
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
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
Author:
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RumkoRumko
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6 years ago
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Anonymous
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5 months ago
Help! The answer is missing an explanation...
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