Examlex
Which of the following is FALSE?
Market Price
The current price at which an asset or service can be bought or sold in a given market.
Opportunity Cost
The benefit that is missed or foregone when choosing one alternative over another.
Excess Capacity
A situation where a company's production facilities are capable of producing more than the demand for its products or services.
Direct Expenses
Costs that can be directly attributed to the production of specific goods or services, such as raw materials and direct labor.
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