The Manager of Paul's Fruit and Vegetable Store Is Considering

question 83

Multiple Choice

The manager of Paul's fruit and vegetable store is considering the purchase of a new seedless watermelon from a wholesale distributor. Since this seedless watermelon costs $4, will sell for $7, and is highly perishable, he only expects to sell between 6 and 9 of them. What is the opportunity loss for purchasing 6 watermelons when the demand is for 6 watermelons?

• A) 0
• B) 3
• C) 4
• D) 6

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Definitions:

Harmonized Sales Tax

A combined tax that merges a country's or region's general sales tax with its value-added tax, designed to simplify the taxation system.

Retailer

A business or individual that sells goods directly to consumers, acting as the final link in the supply chain between manufacturers and consumers.

Customers

Individuals or entities that purchase goods or services from a company.

Government

The organization or system through which a society or community is governed, often responsible for making and enforcing laws, and providing services to its citizens.