-In the Above Figure, at Point A, What Is the Opportunity

question 94

Multiple Choice

-In the above figure, at point a, what is the opportunity cost of producing one more CD?

• A) 2 DVDs.
• B) 14 DVDs.
• C) 1 DVD.
• D) There is no opportunity cost.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Return on Common

A measure of the profitability relative to shareholders' equity, specifically for common stockholders.

Policy Decisions

Major choices or judgments made by a business, government, or other organization that establish principles or courses of action.

Corporation

A business organized as a separate legal entity owned by stockholders.