Trinh quits his $80,000-a-year job to become a full-time volunteer at a museum.What is the opportunity cost of his decision?
A)0 since he will no longer be earning a salary
B)depends on the "going rate" of museum employees
C)at least $80,000
D)the value he attributes to the joy of working at a museum

Question

Quizplus · Accepted Answer

The opportunity cost of Trinh's decision is the value of his next best alternative, which is the salary he was earning at his job. In this case, it is at least $80,000 a year.

Trinh Quits His $80,000-A-Year Job to Become a Full-Time Volunteer