Assume Your Firm Has an Unused Machine That Originally Cost

question 1

Multiple Choice

Assume your firm has an unused machine that originally cost $75,000,has a book value of $20,000,and a market value of $25,000.Ignoring taxes,what is the opportunity cost of using this machine?

• A) $75,000
• B) $25,000
• C) $20,000
• D) $5,000

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Definitions:

Observing

The act of carefully watching and noting phenomena as they occur in order to gather information or come to a conclusion.

Mimicking

The act of imitating someone's actions, speech, or mannerisms, often to enhance social bonding or learning.

Rule Violations

Acts that go against set guidelines or laws, which can range from social norms to legal boundaries.

Associative Play

A stage of play in which children play alongside each other with minimal interaction or cooperation, yet there is some form of association between their activities.