Assume the demand for shirts is Q, and the cost per shirt is $10. Now assume that there the firm incurs an opportunity cost when it sells a shirt instead of a hat. The optimal quantity of shirts to produce will be: Select one: Greater than 15 O Less than 15 O Equal to 15

Assume the demand for shirts is Q, and the cost per shirt is $10. Now assume that there the firm incurs an opportunity cost when it sells a shirt instead of a hat. The optimal quantity of shirts to produce will be: Select one: Greater than 15 O Less than 15 O Equal to 15

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

100%

Assume the demand for shirts is P = 40 - Q, and the
cost per shirt is $10. Now assume that there the firm
incurs an opportunity cost when it sells a shirt instead
of a hat. The optimal quantity of shirts to produce will
be:
Select one:
Greater than 15
O Less than 15
Equal to 15
O Always zero

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