What is the opportunity cost of selling

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Assume you could either open a lemonade stand near a college campus and sell 80 cups of lemonade for $0.50 per cup in one day or open a stand selling brownies and sell 60 brownies in one day for $1 each. In terms of dollar, what would be your opportunity cost of selling lemonade for one day? What's the opportunity cost of selling only brownies for one day? Which should you choose?

Reference no: EM131575032

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