Given the following opportunity loss function,determine the loss when 400 units are sold. Opportunity loss = 3 (1,000 - X)for X ≤ 1,000,otherwise 0.
A)1,200
B)0
C)600
D)3
E)1,800

Question

Quizplus · Accepted Answer

The opportunity loss is calculated as 3 times the difference between 1,000 and the units sold (X) when X is less than or equal to 1,000. For 400 units sold, the loss is 3(1,000 - 400) = 3(600) = 1,800.

Given the Following Opportunity Loss Function,determine the Loss When 400