Question 15
Last week you purchased five large cases of Fritos for a customer who, as it turned out, did not accept delivery. You paid $100 for these cases. You have a deal with your grocers that they will pay you $0.25 for each dollar of returned merchandise. Just this week, you found a fraternity on campus that will buy the five cartons for $55 (and will pick them up from your apartment, relieving you of the need to deliver them to the frat house).
Based on the above data, answer the given subquestions.
What is the opportunity cost of filling this order (i.e., selling these cartons to the
fraternity)?_____________(in $)