Social Studies, 24.07.2020 03:01, mrgetrekt
If Jim chooses job A, he will receive $50,000 a year, full benefits and 2 weeks of paid vacation. If he chooses job B he will receive $60,000 a year, full benefits and no paid vacation. Assuming Jim chooses job B, which statement is correct?
A. Jim’s opportunity cost is only the $50,000 he could have received at the other job.
B. Jim’s opportunity cost is everything he is gaining at job B.
C. Jim’s opportunity cost is everything he gave up at job A.
D. Jim has incurred no opportunity cost because the jobs were completely different
Answers: 2
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