After graduating from college, Jim had two choices. He can either move to Florida, from Philadelphia, where he can work as an analyst and earn $60,000 or he can stay in Philadelphia and work in a car dealership earning $59,000 . His opportunity cost of moving to Florida includes
a. The benefits he could have received from playing soccer
b. $59,000
c. both a and b
d. none of the above
b
Economics
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The relative prices of the products that use natural resources intensively will decrease over time with the decrease in the availability of the natural resources.
Answer the following statement true (T) or false (F)
Economics
The production decision is a short-run decision.
Answer the following statement true (T) or false (F)
Economics
A pure monopoly has a HHI value of
A. 1,000. B. 5,000. C. 10,000. D. 100,000.
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Ordinary income is taxed at a higher rate than capital gains
a. True b. False
Economics