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Mr. Shoup is making goods for charity Bake Sale. He decides to start at Point E, making 120 scones and 24 muffins until someone tells him that muffins are more popular.


What is Mr. Shoup’s opportunity cost if he moves from point E to point A?



A. 96 muffins


B. 120 scones


C. 24 muffins


D. 72 scones

Mr Shoup is making goods for charity Bake Sale He decides to start at Point E making 120 scones and 24 muffins until someone tells

Answer :

Mr. Shoup's opportunity cost if he moves from point E to point A is 96 muffins. The correct option is a.

What is the calculation and what is opportunity cost?

Mr. Shoup is making goods for charity Bake Sale.

He decides to start at Point E making = 120 scones

24 muffins until someone tells him that muffins are more popular.

Thus, Mr Shoup opportunity cost= 96

Opportunity costs refers to the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another. Because opportunity costs are unseen by definition, they can be easily overlooked.

Understanding the potential missed opportunities when a business or individual chooses one investment over another allows for better decision making.

Learn more about opportunity, here:

https://brainly.com/question/29341508

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