Sierra has the following information to evaluate-her current salary of $45,000 versus total revenues of $62,000 and expenses of $57,000 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 Sierra would forgo by starting the new business, which is $45,000.

Sierra Has the Following Information to Evaluate-Her Current Salary of $45,000