The Opportunity Cost of Making a Component Part in a Factory

question 58

Multiple Choice

The opportunity cost of making a component part in a factory with excess capacity for which there is no alternative use is

• A)the total manufacturing cost of the component.
• B)the total variable cost of the component.
• C)the fixed manufacturing cost of the component.
• D)zero.

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Definitions:

Racist Beliefs

Ideologies or attitudes that assert the superiority of one race over others, often leading to discrimination and prejudice based on racial characteristics.

Genetic Differences

Genetic differences refer to the variations in DNA sequences between individuals, populations, or species, which contribute to their unique characteristics and traits.

Populations

Groups of individuals of the same species living and interbreeding within a given area.

Aboriginal Couple

A pair of individuals who are both identified as belonging to the original inhabitants of Canada, Australia, or other regions prior to colonialism.