Boris currently works as a political consultant, earning $110,000 a year. He has three job offers...
Boris currently works as a political consultant, earning $110,000 a year. He has three job offers with the salaries of $115,000, $105,000, and $108,000. If Boris accepts the best offer and quits his current job, his opportunity cost will be:
Question 8 options:
|
$108,000 |
|
|
$323,000 |
|
|
$105,000 |
|
|
$218,000 |
|
|
$110,000 |
Homework Answers
Ans) the correct option is $110,000
opportunity cost is the cost of the most desirable alternative given up as the result of a decision.
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