Trina's Tropical Fish Store Sells Goldfish for $2 Each and Angelfish

question 199

Multiple Choice

Trina's Tropical Fish Store sells goldfish for $2 each and angelfish for $10 each.What is the opportunity cost of buying a goldfish?

• A)5 angelfish
• B)1/5 of an angelfish
• C)$10
• D)$2

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Definitions:

Fixed Manufacturing Expenses

Costs that do not vary with production volume, such as rent, salary of permanent staff, and equipment depreciation.

Fixed Selling

Fixed selling refers to the portion of selling costs that remains unchanged regardless of the volume of goods or services sold.

Financial Advantage

A benefit or edge gained in financial terms, such as lower costs, higher revenues, or investment returns, that contributes to better financial health.

Contribution Margin

The amount of revenue left after deducting all variable costs, indicating the contribution towards covering fixed costs and generating profit.