Sharon is considering leaving her current position to open a coffee shop. Sharon's current salary is $83,000. Annual coffee shop revenue and costs are estimated at $250,000 and $210,000, respectively.
Is the opportunity cost of opening the coffee shop.
A) $333,000
B) $40,000
C) $210,000
D) $83,000

Question

Quizplus · Accepted Answer

The opportunity cost is the salary Sharon foregoes by leaving her current job, which is $83,000.

Sharon Is Considering Leaving Her Current Position to Open a Coffee