17
QuizMultiple Choice

N/A — Exam

Question 17 • Economics

It costs Cool Clothes Company $15 to produce one pair of jeans, but they needed to discontinue production of shirts to focus on jeans. For this company, the $15 is the _______, and discontinuation of shirt production is considered their __________.

Answer
A
resource cost; production cost
B
production cost; resource cost
C
opportunity cost; production cost
D
production cost; opportunity cost
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