a glass - making company has decided it is not generating enough profit because its production costs are too…

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. based on what you have read, what is the opportunity cost of the glass - making company’s decision? a higher quality item a greater profit a loss of equipment a longer production time

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. based on what you have read, what is the opportunity cost of the glass - making company’s decision? a higher quality item a greater profit a loss of equipment a longer production time

Answer

Brief Explanations:

Opportunity cost is the value of the next - best alternative forgone. Here, by replacing hand - making with machines to cut costs and increase profit, the company gives up the production of higher quality items.

Answer:

a higher quality item