Hill's Pet Nutrition, Inc. of Topeka, Kansas has three alternatives for manufacturing pet foods
Alternative 1: Manufacture cat food alone and obtain a profit of $20 million.
Alternative 2: Manufacture dog food alone and obtain a profit of $30 million.
Alternative 3: Manufacture both dog food and cat food and obtain a profit of $45 million.
The opportunity cost of the firm is:
A) $15 million.
B) $45 million.
C) $30 million.
D) $20 million.
C) $30 million.
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