# Microeconomics

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Last year Delta airlines purchased and stored 1 million gallons of aviation fuel at a time when aviation fuel was selling for \$2.00 per gallon. Aviation fuel is now valued at \$3.00 per gallon. What is the opportunity cost of using this stored fuel now?

Would it be \$3 million because now they would be giving up \$3million of inventory?

• Microeconomics -

yes

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