A firm built an inventory of 16-bit chips for $50,000 last year.However,the introduction of 32-bit chips lowers the market price for 16-bit chips and the inventory can only be sold for $40,000 now.What is the opportunity cost of the inventory of 16-bit chips?
A)$50,000
B)$40,000
C)$10,000
D)$90,000

Question

Quizplus · Accepted Answer

The Answer of A firm built an inventory of 16-bit chips for $50,000 last year.However,the introduction of 32-bit chips lowers the market price for 16-bit chips and the inventory can only be sold for $40,000 now.What is the opportunity cost of the inventory of 16-bit chips?
A)$50,000
B)$40,000
C)$10,000
D)$90,000

A Firm Built an Inventory of 16-Bit Chips for $50,000