Answer to Question #95690 in Microeconomics for Thomas

Question

The question: Assume that a supermarket has some fish that has reached its sell_by date.It was originally priced at 10dollars,but yesterday it was marked down to 5dollars for quick sale.It is now the end of the day and it still has not been sold .The supermarket is about to close and there is no one in the store who wants fish.What is the opportunity cost for the store of throwing the fish away?

Answer 1

The opportunity cost is zero because there is no other alternative use of the expired fish