Arlene quits her $125,000-a-year job to take care of her ailing parents. What is the opportunity cost of her decision? A. the value she attributes to the satisfaction she receives from taking care of her parents B. zero, since she will no longer be earning a salary C. It depends on the "going rate" for home-care providers. D. at least $125,000
Arlene quits her $125,000-a-year job to take care of her ailing parents. What is the opportunity cost of her decision? A. the value she attributes to the satisfaction she receives from taking care of her parents B. zero, since she will no longer be earning a salary C. It depends on the "going rate" for home-care providers. D. at least $125,000
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter1: The Art And Science Of Economic Analysis
Section: Chapter Questions
Problem 15PAE
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Arlene quits her $125,000-a-year job to take care of her ailing parents. What is the opportunity cost of her decision?
A.
the value she attributes to the satisfaction she receives from taking care of her parents
B.
zero, since she will no longer be earning a salary
C.
It depends on the "going rate" for home-care providers.
D.
at least $125,000
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