Based on what you have read, what is the opportunity cost of the glass-making company's decision?
A 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 company's
profits will increase because its production costs are
lower.
a higher quality item
a greater profit
a loss of equipment
a longer production time