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A company bought a piece of land. It can use this resource to build a factory on or to plant crops on. The company can also hold onto the land and try to resell it later for more money. The company decides to build a factory on the land. Any value given up from not choosing the other options is the
s
Any value given up from not choosing the other options is the Opportunity Cost .
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Asked 11/28/2014 6:34:44 PM
Updated 11/28/2014 7:01:50 PM
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Any value given up from not choosing the other options is the Opportunity Cost .



Added 11/28/2014 7:01:50 PM
This answer has been confirmed as correct and helpful.
Confirmed by andrewpallarca [11/28/2014 7:04:24 PM], Rated good by andrewpallarca
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