Opportunity cost
Not what you're looking for?
Gail is contemplating a job offer with an advertising agency where she will make $50,000 in her first year of employment. Alternatively, Gail can begin to work in her father's business where she will earn an annual salary of $40,000. If Gail decides to work with her father, the opportunity cost would be:
A. $0
B. $40,000
C. $50,000
D. $90,000
E. irrelevant in deciding which job offer to accept
Purchase this Solution
Solution Summary
The solution explains how to determine the opportunity cost.
Purchase this Solution
Free BrainMass Quizzes
MS Word 2010-Tricky Features
These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.
Situational Leadership
This quiz will help you better understand Situational Leadership and its theories.
Marketing Management Philosophies Quiz
A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Employee Orientation
Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.