lowing statements about opportunity costs is not correct? O An opportunity cost is the potential benefit that is given up when one alternative is selected over another. • An opportunity cost cannot be changed by any decision made now or in the future. O Opportunity costs are not usually found in accounting records. O Opportunity costs are costs that must be explicitly considered in every decision a manager makes. Knowledge Check 01 Cyber Devices manufactures PCTV products that enable people to watch television content on their computers. It sells its product to retailers for $50. A tuner component that goes into each of these devices costs $5 to acquire. The total variable cost at an activity level of 1,000 units equals q, $50,000 $5 $1,000 $5,000J owing statements about opportunity costs is not correct? An opportunity cost is the potential benefit that is given up when one alternative is selected over another. An opportunity cost cannot be changed by any decision made now or in the future. Opportunity costs are not usually found in accounting records. Opportunity costs are costs that must be explicitly considered in every decision a manager makes.
lowing statements about opportunity costs is not correct? O An opportunity cost is the potential benefit that is given up when one alternative is selected over another. • An opportunity cost cannot be changed by any decision made now or in the future. O Opportunity costs are not usually found in accounting records. O Opportunity costs are costs that must be explicitly considered in every decision a manager makes. Knowledge Check 01 Cyber Devices manufactures PCTV products that enable people to watch television content on their computers. It sells its product to retailers for $50. A tuner component that goes into each of these devices costs $5 to acquire. The total variable cost at an activity level of 1,000 units equals q, $50,000 $5 $1,000 $5,000J owing statements about opportunity costs is not correct? An opportunity cost is the potential benefit that is given up when one alternative is selected over another. An opportunity cost cannot be changed by any decision made now or in the future. Opportunity costs are not usually found in accounting records. Opportunity costs are costs that must be explicitly considered in every decision a manager makes.
Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter3: Benefits, Costs, And Decisions
Section: Chapter Questions
Problem 3.2IP: Concert Opportunity Cost 2
You were able to purchase two tickets to an upcoming concert for $100...
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Transcribed Image Text:lowing statements about opportunity costs is not correct?
O An opportunity cost is the potential benefit that is given up when one alternative is selected over another.
• An opportunity cost cannot be changed by any decision made now or in the future.
O Opportunity costs are not usually found in accounting records.
O Opportunity costs are costs that must be explicitly considered in every decision a manager makes.
Transcribed Image Text:Knowledge Check 01
Cyber Devices manufactures PCTV products that enable people to watch television content on their computers. It sells
its product to retailers for $50. A tuner component that goes into each of these devices costs $5 to acquire. The total
variable cost at an activity level of 1,000 units equals q,
$50,000
$5
$1,000
$5,000J
owing statements about opportunity costs is not correct?
An opportunity cost is the potential benefit that is given up when one alternative is selected over another.
An opportunity cost cannot be changed by any decision made now or in the future.
Opportunity costs are not usually found in accounting records.
Opportunity costs are costs that must be explicitly considered in every decision a manager makes.
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