Multiple Choice
A game show host who gave up his job as a teacher earns $300,000 every month as a host.As a teacher,he used to earn a salary of $50,000 every month.Which of the following is true in this case?
A) His economic rent is $250,000, and his opportunity cost is $50,000.
B) His economic rent is $50,000, and his opportunity cost is $250,000.
C) His economic rent is $50,000, and his opportunity cost is $300,000.
D) His economic rent is $300,000, and his opportunity cost is $50,000.
E) His economic rent is $300,000, and his opportunity cost is $350,000.
Correct Answer:
Verified
Related Questions
