If someone accepts a job in Seattle as a financial analyst, he must give up the chance to accept a similar job in Australia. Giving up the job in Australia is his

Question

Quizplus · Accepted Answer

The opportunity cost is the cost of the best forgone alternative. In this case, the cost of giving up the job in Australia is the opportunity cost of accepting the job in Seattle. This is because the person could have chosen to work in Australia instead, and in doing so, would have given up the opportunity to work in Seattle.

If Someone Accepts a Job in Seattle as a Financial