The Opportunity Cost to a Firm of Using an Asset

question 8

Multiple Choice

The opportunity cost to a firm of using an asset is zero if

• A) no money was spent to acquire the asset.
• B) the asset has no alternative uses.
• C) the asset was given to the firm for free.
• D) the asset has zero sunk costs associated with it.
• E) the asset is already owned by the firm.

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Definitions:

Aspiration

The act of inhaling a foreign object or substance into the airway or lungs, or a strong desire or ambition for achievement.

Sterile Technique

A set of practices designed to minimize the presence of pathogens and reduce the likelihood of infection.

Infection

The invasion and multiplication of microorganisms in body tissues, which can cause disease or illness.

Hypoallergenic Tape

A type of adhesive tape designed to reduce allergic reactions, making it suitable for sensitive skin.