If I am your employee, rather than an independent contractor, you must: O provide workers compensation insurance coverage not employ anyone else to do the same work O hire a co-worker for me O none of the options

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Opportunity Cost Analysis

Opportunity cost refers to the loss of potential benefits when choosing one alternative over another. It is the tradeoff a person makes, or the potential gains they miss out on, because of their choice. To analyze opportunity cost, we must consider the benefits and tradeoffs of each available option.