Assume you are viewing a graph that compares costs with the amount of credit extended. Both the carrying costs and the opportunity costs of credit are depicted. What is the function called that represents the summation of these carrying and opportunity costs?
A) Opportunity cost curve
B) Credit extension curve
C) Credit cost curve
D) Terms of sale graph
E) Optimal sales graph

Question

Quizplus · Accepted Answer

The function that represents the summation of carrying costs and opportunity costs of credit is called the credit cost curve.

Assume You Are Viewing a Graph That Compares Costs with the Amount