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:

Structures

Refers to the arrangement or organization of parts to form an object, system, or concept.

Foramen Ovale

An opening in the septum between the right and left atria of the fetal heart, which normally closes shortly after birth.

Nonfunctional Lungs

Lungs that are unable to perform the standard process of gas exchange between oxygen and carbon dioxide.

Fetus

A developing mammal or human during the later stages of pregnancy after the embryonic stage, showing recognizable features of the species.