Jill,a bookkeeper just received an attractive offer from an outside firm.Her opportunity cost,of staying in her current position has

A) Increased
B) Decreased
C) Not changed
D) All of the above

Question

​Jill,a bookkeeper just received an attractive offer from an outside firm.Her opportunity cost,of staying in her current position has A)​Increased B)Decreased C)Not changed D)​All of the above

Raphael Taiwo · Accepted Answer

Final Answer : A, Explanation :  Opportunity cost refers to the cost of a missed opportunity. If Jill received an attractive offer from an outside firm, it means that her opportunity cost of staying in her current position has increased. She now has to give up the opportunity to work for the outside firm if she decides to stay in her current position. Therefore, the best answer is A.

Jill,a bookkeeper just received an attractive offer from an outside firm.Her opportunity cost,of staying in her current position has

A) Increased
B) Decreased
C) Not changed
D) All of the above

Definitions

Learning Objectives

Learning Objectives

Related questions

​Jill,a bookkeeper just received an attractive offer from an outside firm.Her opportunity cost,of staying in her current position hasA) ​IncreasedB) DecreasedC) Not changedD) ​All of the above

Definitions

Learning Objectives

Learning Objectives

Related questions

Jill,a bookkeeper just received an attractive offer from an outside firm.Her opportunity cost,of staying in her current position has

A) Increased
B) Decreased
C) Not changed
D) All of the above