Molly has the following information to evaluate-her current salary of $57,000 versus total revenues of $62,000 and expenses of $47,000 from starting a new business.How much is the opportunity cost associated with starting the new business?

Question

Quizplus · Accepted Answer

The opportunity cost is the salary Molly would forgo by leaving her current job, which is $57,000.

Molly Has the Following Information to Evaluate-Her Current Salary of $57,000