What is the opportunity cost of producing the company Lyft and what is the opportunity cost of that product?
The opportunity cost of producing the company Lyft refers to the value of the next best alternative foregone in order to produce Lyft. In this case, the opportunity cost would be the potential value or benefits that could have been gained from investing resources, time, and effort into producing an alternative product or service instead of Lyft.
To determine the opportunity cost of producing Lyft, you would need to consider the potential alternative options that the company could have pursued. This could include other types of ridesharing services, transportation solutions, or even completely different industries. By evaluating the potential benefits and profits that could have been obtained by pursuing these alternatives, you can estimate the opportunity cost of producing Lyft.
It is important to note that opportunity cost is always subjective and can vary depending on individual perspectives and circumstances.