Why the opportunity cost might not equal the price


Problem

A biotechnology firm purchased an inventory of test tubes at a price of $0.50 per tube at some point in the past. It plans to use these tubes to clone snake cells. Explain why the opportunity cost of using these test tubes might not equal the price at which they were acquired.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Why the opportunity cost might not equal the price
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