Which answer best defines opportunity cost A. what it cost to take advantage of a great savings opportunity
B the value of the things you have to give up to get something else
C the amount a seller paid to sell you a product D the amount you have to pay to do something the value of the things you have to give up to get something else what it cost to take advantage of a great savings opportunity

Which of the following pairs is most similar to each other? a. barter goods and fiat money b. digital money and barter goods c. fiat money and digital money d. commodity money and digital money

Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product