The Seller of a Product Has No Idle Capacity and Can

question 73

Multiple Choice

The seller of a product has no idle capacity and can sell all it can produce at $33 per unit. Outlay cost is $9. What is the opportunity cost, assuming the seller sells internally?

• A)$6
• B)$12
• C)$24
• D)$33

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Definitions:

Empathy

The ability to understand and share the feelings of another person.

Selective Abstraction

A cognitive bias in which an individual focuses on a single negative detail or event, excluding other relevant positive information.

Transference

A phenomenon in psychoanalysis where patients unconsciously project their feelings or expectations from past relationships onto their therapist.

Psychological Problems

Issues or disorders related to the mind that can affect mood, behavior, and thinking, often requiring professional assessment and treatment.