Given the following opportunity loss function, determine the loss when 600 units are sold. Opportunity loss = 2 (600 - X)for X ≤ 600, otherwise 0.
A)2
B)600
C)1,200
D)0

Question

Quizplus · Accepted Answer

Since X is 600, and the condition for the opportunity loss function is for X ≤ 600, we use the formula 2(600 - X). Substituting X with 600, we get 2(600 - 600) = 2(0) = 0. Therefore, the opportunity loss is 0 when 600 units are sold.

Given the Following Opportunity Loss Function, Determine the Loss When