객관식
In the context of microeconomics, accepting a special order will improve which of the following, assuming the order is priced above variable cost and there is excess capacity?
114
views
0. Basic Principles of Economics
Introduction to Economics
객관식
Altex Inc manufactures two products. Which of the following best describes the opportunity cost of producing more of Product A?
A
The profit earned from selling Product A.
B
The fixed costs associated with manufacturing Product A.
C
The amount of Product B that must be forgone to produce an additional unit of Product A.
D
The total cost of producing both products together.
검증된 단계별 안내1
Step 1: Understand the concept of opportunity cost in microeconomics. Opportunity cost refers to the value of the next best alternative that must be given up when making a choice.
Step 2: Identify the alternatives involved in the production decision. Here, the firm produces two products: Product A and Product B.
Step 3: Recognize that producing more of Product A means resources are diverted from producing Product B, since resources are limited.
Step 4: Define the opportunity cost of producing an additional unit of Product A as the amount of Product B that must be forgone (not produced) to allocate resources to Product A instead.
Step 5: Note that profit, fixed costs, or total costs do not directly represent opportunity cost; rather, opportunity cost focuses on the trade-off between the quantities of the two products produced.
관련 영상
관련 실천
