A mechanic quits her current job, which pays $38,000 per year. She can take a job with another firm for $45,000 per year or work for herself. The opportunity cost of working for herself is $5,000. $40,000. $85,000. $45,000.

A mechanic quits her current job, which pays $38,000 per year. She can take a job with another firm for $45,000 per year or work for herself. The opportunity cost of working for herself is $5,000. $40,000. $85,000. $45,000.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter2: Scarcity And Opportunity Costs

Section: Chapter Questions

Problem 5E

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Question

A mechanic quits her current job, which pays $38,000 per year. She can take a job with another firm for $45,000 per year or work for herself. The opportunity cost of working for herself is

	$5,000.
	$40,000.
	$85,000.
	$45,000.

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