Carol-Lynn is contemplating a job offer with an advertising agency where she will make $64,000 in her first year of employment. Alternatively, Carol-Lynn can begin to work in her uncle's business where she will earn an annual salary of $48,000. If Carol-Lynn decides to work with her uncle, the opportunity cost would be:
A) $0.
B) $16,000.
C) $38,000.
D) $64,000.
E) $92,000.
Correct Answer:
Verified
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