Gillian quit her sales job, which paid $60,000 per year, and became a middle school science teacher earning $48,000 per year. Gillian's opportunity cost of switching careers is $____.

Name: Gillian quit her sales job, which paid $60,000 per year, and became a middle school science teacher earning $48,000 per year. Gillian's opportunity cost of switching careers is $____.
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Question

Quizplus · Accepted Answer

The opportunity cost of switching careers is the income she gave up by leaving her sales job, which is $60,000 - $48,000 = $12,000.

Gillian Quit Her Sales Job, Which Paid $60,000 Per Year