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Darren is searching for a new job in Brisbane. He pays a $150 fee to join...

Darren is searching for a new job in Brisbane. He pays a $150 fee to join a job website called "Jobs in Brisbane" where he will conduct his search. He is currently employed and is paid $50,000 annually but would like a job that pays more. Darren values his free time the same as his hourly rate which is $30/hour.

Which of the following statements is true?

Darren should search until he knows all the available jobs in Brisbane.

The opportunity cost of Darren searching for a new job is $50,000.

Within the first three hours of searching Darren doesn't find a job and so he should give up and return to his current one.

Darren should search until the value of his searching reaches thirty dollars an hour.

Darren should factor in the $150 fee he has already paid to use the website.
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1 D is right answer. He should equate cost of searching with his oppurtunity cost per hour which is 30 dollars an hours

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