ECONOMICS
OPPORTUNITY COST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Lacey designs dresses. She can keep designing casual dresses that bring $65 but are easy to sell, or she could design formal gowns that sell for $500 but must be high fashion. She takes a risk on formal gowns. What is the opportunity cost?
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dresses
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the money from casual dresses
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the money from formal gowns
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the risk between the sales of the dresses
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Explanation:
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