ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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 ____
A
opportunity cost; production cost
B
production cost; opportunity cost
C
Either A or B
D
None of the above
Explanation: 
There is 1 question to complete.