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Arlene quits her​ $125,000-a-year job to take care of her ailing parents. What is the opportunity...

Arlene quits her​ $125,000-a-year job to take care of her ailing parents. What is the opportunity cost of her​ decision?

A.

at least​ $125,000

B.

the value she attributes to the satisfaction she receives from taking care of her parents

C.

It depends on the​ "going rate" for​ home-care providers.

D.

​zero, since she will no longer be earning a salary

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Answer #1

ANSWER : (A) at least $125,000

Opportunity Cost

It is define as cost of sacrificing one alternative for the sake of another is termed as opportunity cost.

Opportunity lost = opportunity cost

For Example:-

Arlene quits her job in order to take care of her parents.

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