Suppose that a university decides to spend $1 million to upgrade personal computers and scientific equipment for faculty rather than spend $1 million to expand parking for students. this example illustrates:
a. distorted priorities.
b. opportunity costs.
c. increasing opportunity costs.
d. productive efficiency.

B. opportunity costs.

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question this example best illustrates opportunity costs. This term is defined as the loss of one opportunity when another opportunity is chosen. Which in this situation the university decided on upgrading the computers and lost the opportunity to upgrade the parking lot.

I hope this answered your question. If you have any more questions feel free to ask away at .

answer; decentralized;