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Question

Roy has 3 job offers paying 10K, 20K, and 30K. Opportunity cost of taking the job that pays 25K is .

A
5K
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B
10K
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C
25K
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D
30K
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Solution

The correct option is D 30K
The opportunity cost is the value of the best alternative foregone. In this case, it is the job that pays 30K.

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