Suppose a manufacturer produces soccer balls and footballs. If the cost of producing a soccer ball decreases, the opportunity cost of producing:

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02-06-2022
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Suppose a manufacturer produces soccer balls and footballs. If the cost of producing a soccer ball decreases, the opportunity cost of producing:

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Mboluwapeidn Mboluwapeidn · Answer 1 · 2022-06-13T11:55:02-04:00

Suppose a manufacturer produces soccer balls and footballs. If the cost of producing a soccer ball decreases, the opportunity cost of producing increase

What is opportunity cost?

Opportunity Cost of a product is the amount of money or benefits that is lost when a particular products is not used again.

The product is left for another alternative that is better.

Therefore, Suppose a manufacturer produces soccer balls and footballs. If the cost of producing a soccer ball decreases, the opportunity cost of producing increase

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What is opportunity cost?

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