QuestionJuly 22, 2025

Multiple Select Question Select all that apply When considering eliminating a product, opportunity costs should __ be considered if alternatives uses exist never be considered only be considered in the company is operating at full capacity C Need help? Review these concept resources. (1) Read About the Concept

Multiple Select Question Select all that apply When considering eliminating a product, opportunity costs should __ be considered if alternatives uses exist never be considered only be considered in the company is operating at full capacity C Need help? Review these concept resources. (1) Read About the Concept
Multiple Select Question
Select all that apply
When considering eliminating a product, opportunity costs should
__
be considered if alternatives uses exist
never be considered
only be considered in the company is operating at full capacity
C Need help? Review these concept resources.
(1) Read About the Concept

Solution
4.1(308 votes)

Answer

be considered if alternatives uses exist ### only be considered if the company is operating at full capacity Explanation 1. Identify Opportunity Costs Opportunity costs represent the potential benefits lost when choosing one alternative over another. They should be considered if there are alternative uses for resources. 2. Consider Full Capacity Opportunity costs are relevant when a company is operating at full capacity, as resources could be reallocated to more profitable alternatives. 3. Evaluate "Never Consider" Option Opportunity costs should not be ignored; they are crucial in decision-making where alternatives exist.

Explanation

1. Identify Opportunity Costs<br /> Opportunity costs represent the potential benefits lost when choosing one alternative over another. They should be considered if there are alternative uses for resources.<br /><br />2. Consider Full Capacity<br /> Opportunity costs are relevant when a company is operating at full capacity, as resources could be reallocated to more profitable alternatives.<br /><br />3. Evaluate "Never Consider" Option<br /> Opportunity costs should not be ignored; they are crucial in decision-making where alternatives exist.
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