A popular bakery has only a few ingredients left to make their products. They could bake muffins or cookies, but they cant make both. The bakers decide to make cookies for their customers. What is the opportunity cost of their decision?

OPPORTUNITY COST

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A popular bakery has only a few ingredients left to make their products. They could bake muffins or cookies, but they can’t make both. The bakers decide to make cookies for their customers. What is the opportunity cost of their decision?

A	muffins
B	cookies
C	Either A or B
D	None of the above

Explanation:

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ECONOMICS (CBSE/UGC NET)

ECONOMICS

OPPORTUNITY COST