How could he apply the principle of opportunity costs

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Reference no: EM133433745

Question: An owner of a local bakery is evaluating his inventory. He is trying to determine his best-selling items and decide what to keep and what to let go. How could he apply the principle of opportunity costs to make the best decision about his resources? Identify the meaning of opportunity costs. Explain how it would apply to this entrepreneur.

Reference no: EM133433745

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