Kate's Store Is Considering Three Mutually Exclusive Options for the Use

question 45

Multiple Choice

Kate's Store is considering three mutually exclusive options for the use of the new addition to her facility.Kate can either expand the women's clothing section,add a new footwear section,or expand into home linens.She estimates annual profits of either $120 000 from the clothing,$104 000 from the footwear,or $98 000 from the home linens section,should that section be chosen for the expansion.What is the opportunity cost of her most profitable option?

• A)$98 000
• B)$104 000
• C)$120 000
• D)$202 000
• E)$224 000

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Definitions:

Air Quality Standards

Regulations set by governments to control the levels of pollutants in the air, ensuring it is safe to breathe and protective of public health and the environment.

Air Pollution

The presence of harmful substances in the air, often resulting from human activities, that can harm health and the environment.

Waste Management

The process of handling solid wastes, including collection, transportation, processing, recycling, and disposal.

Probability

The measure of the likelihood that an event will occur, quantified between 0 (impossible) and 1 (certain).