After you graduate, you have decided to accept a position working at the Bureau of Labor Statistics for $35,000.00 a year. The two other offers you received were working for WalMart for $28,000 and working for Ernst and Young consulting for $32,000. What is the opportunity cost of accepting the position at the Bureau of Labor Statistics?
After you graduate, you have decided to accept a position working at the Bureau of Labor Statistics for $35,000.00 a year. The two other offers you received were working for WalMart for $28,000 and working for Ernst and Young consulting for $32,000. What is the opportunity cost of accepting the position at the Bureau of Labor Statistics?
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter26: Earnings, Productivity, And The Job Market
Section: Chapter Questions
Problem 13CQ
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Q2. After you graduate, you have decided to accept a position working at the Bureau of Labor Statistics for $35,000.00 a year. The two other offers you received were working for WalMart for $28,000 and working for Ernst and Young consulting for $32,000. What is the opportunity cost of accepting the position at the Bureau of Labor Statistics?
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