Arlene quits her $125,000-a-year job to take care of her ailing parents. What is the opportunity...
Arlene quits her $125,000-a-year job to take care of her ailing parents. What is the opportunity cost of her decision?
A.
at least $125,000
B.
the value she attributes to the satisfaction she receives from taking care of her parents
C.
It depends on the "going rate" for home-care providers.
D.
zero, since she will no longer be earning a salary
Homework Answers
ANSWER : (A) at least $125,000
Opportunity Cost
It is define as cost of sacrificing one alternative for the sake of another is termed as opportunity cost.
Opportunity lost = opportunity cost
For Example:-
Arlene quits her job in order to take care of her parents.
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