An agribusiness firm may undertake three alternatives: buy cane sugar and manufacture various sugars and sweets, making a profit of $12 million; buy corn and produce ethanol, making a profit of $16 million; or buy wheat and produce breads, rolls, and pastries, making a profit of $13 million. The opportunity cost associated with these three choices is

A) $13 million.
B) $4 million.
C) $16 million.
D) $3 million.


A) $13 million.

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