Suppose you have recently graduated and have been offered a salary position at a reputable accounting firm of $125,000 (including all benefits) per year. After much consideration, you turn down the offer to start your own accounting firm. You pay yourself $75,000 (including all benefits) a year. Which of the following represents the implicit opportunity cost of your time?
A) $75,000 B) $100,000 C) $125,000 D) $50,000
D) $50,000
You might also like to view...
The fact that, globally, people's world views change much more rapidly than language is dramatic proof of the Sapir-Whorf hypothesis
a. True b. False Indicate whether the statement is true or false
An anthropologist has just arrived at a new field site and feels overwhelmed with a creepy, profound feeling of alienation, of being without some of the most ordinary, trivial (and therefore basic) cues of his culture of origin. What term best describes what he is experiencing?
A. diachrony B. synchrony C. agency paralysis D. configurationalism E. culture shock
According to Wrangham, large multimale-multifemale groups evolved because
a. males were attracted to females living together. b. territorial fear of female takeover. c. mainly diurnal activities. d. dominant behaviors and control. e. extreme sexual dimorphism.
The incest taboo is possibly the closest thing anthropologists have found to a true “cultural universal,” because some form of the taboo exists in all known societies. Why is this so important to people cross-culturally? Explain the various theories for the existence of a worldwide incest taboo.
What will be an ideal response?