understanding opportunity cost\na glass - making company has decided it is not generating enough profit…

understanding opportunity cost\na glass - making company has decided it is not generating enough profit because its production costs are too high. to reduce these costs, the company wants to replace the employees who make glass by hand with new machines. this switch will result in lower quality products, which must be sold a lower price. however, the companys profits will increase because its production costs are lower.\nbased on what you have read, what is the opportunity cost of the glass - making companys decision?\n a longer production time\n a loss of equipment\n a greater profit

understanding opportunity cost\na glass - making company has decided it is not generating enough profit because its production costs are too high. to reduce these costs, the company wants to replace the employees who make glass by hand with new machines. this switch will result in lower quality products, which must be sold a lower price. however, the companys profits will increase because its production costs are lower.\nbased on what you have read, what is the opportunity cost of the glass - making companys decision?\n a longer production time\n a loss of equipment\n a greater profit

Answer

Brief Explanations:

Opportunity cost is the value of the next - best alternative forgone. Here, by replacing hand - making with machines to cut costs and increase profits, the company forgoes producing higher - quality products that could potentially fetch a higher price and greater profit in the long run.

Answer:

a greater profit