A Firm Built an Inventory of 16-Bit Chips for $50,000

question 72

Multiple Choice

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

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Definitions:

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