A car dealership union negotiates a contract that dramatically increases all salesmen salaries.If one of the salesman is thinking of changing careers to be a hardware salesman,his opportunity cost

Question

Quizplus · Accepted Answer

If the salesman decides to become a hardware salesman, his opportunity cost would increase because the dramatic increase in salaries negotiated by the union would make his current job as a car salesman more financially attractive. Therefore, he would be giving up a higher-paying job to pursue a career in hardware sales.

A Car Dealership Union Negotiates a Contract That Dramatically Increases