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You make $45,000 per year at your current job with Whiz Kids Consultants. You are
Chapter 0, Problem 3(choose chapter or problem)
You make $45,000 per year at your current job with Whiz Kids Consultants. You are considering a job offer from Brainiacs, Inc., which would pay you $50,000 per year. Which of the following are elements of the opportunity cost of accepting the new job at Brainiacs, Inc.? Answer yes or no, and explain your answer. a. the increased time spent commuting to your new job b. the $45,000 salary from your old job c. the more spacious office at your new job
Questions & Answers
QUESTION:
You make $45,000 per year at your current job with Whiz Kids Consultants. You are considering a job offer from Brainiacs, Inc., which would pay you $50,000 per year. Which of the following are elements of the opportunity cost of accepting the new job at Brainiacs, Inc.? Answer yes or no, and explain your answer. a. the increased time spent commuting to your new job b. the $45,000 salary from your old job c. the more spacious office at your new job
ANSWER:Step 1 of 3
a.
Yes, the increased time spent computing for the new job is considered the opportunity cost element.
Because in this case, an employer spends more time to get the opportunity of 