The opportunity cost in this scenario is the money that could have been made from families with young children. This represents the potential revenue the fast-food chain is giving up by shifting its focus from a kid-friendly restaurant to a mid-range adult café.
A fast-food chain makes the decision to rebrand itself as a mid-range adult café instead of a cheap kid-friendly restaurant. This change will involve using higher-quality ingredients and renovating to remove children’s playgrounds. Use the passage to answer the question. What is the opportunity cost in the scenario above? (1 point) Responses one-time expense of renovating restaurants one-time expense of renovating restaurants ongoing expense of high-quality ingredients ongoing expense of high-quality ingredients money that is expected to be provided by new adult customers money that is expected to be provided by new adult customers money that could have been made from families with young children
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