ECONOMICS
OPPORTUNITY COST
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Timmy the Eskimo currently makes $20, 000/year working as an igloo salesman. He’s considering taking a new job as a polar bear preservation guard, where he would be $25, 000/year. He can only work one of the two jobs. Which of the following is an opportunity cost of taking the Polar Bear Guard job?
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The self-esteem boost Timmy will get when the Polar Bears compliment him on his attentiveness to their security
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The excitement of working as a Polar Bear Guard
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The $20, 000/year he could be making as an igloo salesman
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The money Timmy pays for his new coffee maker
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Explanation:
There is 1 question to complete.