Trina quits her $90 000-a-year job to become a full-time volunteer at a museum. What is the opportunity cost of her decision?

Question

Quizplus · Accepted Answer

The opportunity cost of Trina's decision is the value of her next best alternative, which is the salary she would have earned if she had stayed in her job. Therefore, the answer is at least $90 000, as this is the amount she would have earned in a year. Option A is incorrect because even though she is no longer earning a salary, she is giving up potential earnings. Option B is not relevant as it does not provide information on the opportunity cost. Option D is incorrect because it is not a measurable value and cannot be compared to the salary she is giving up.

Trina Quits Her $90 000-A-Year Job to Become a Full-Time