An electrician quits her current job, which pays $40,000 per year. She can take a job with another firm for $45,000 per year or work for herself. The opportunity cost of working for herself is
A) $5,000.
B) $40,000.
C) $45,000.
D) $85,000.
Correct Answer:
Verified
Q7: The implicit rental rate for capital includes
Q8: Economic depreciation is the
A) firm's opportunity cost
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Q10: Which of the following is part of
Q11: Which of the following costs are part
Q13: Which of the following are two components
Q14: A firm's opportunity costs
A) equal the costs
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