If Jasmine had not taken a job at a restaurant, she would have taken a job at a department store. The opportunity cost of her taking the restaurant job is the difference in future earnings because of not pursuing an advanced degree. the difference in present expenses due to not moving back to her home state to live with her grandparents. the total value of the job at the department store, including wages, work experience, and so on. the total expenses associated with interviewing for the restaurant job, including transportation, time, and anxiety. the total expenses associated with the restaurant job, including clothing, transportation, and so forth.

If Jasmine had not taken a job at a restaurant, she would have taken a job at a department store. The opportunity cost of her taking the restaurant job is the difference in future earnings because of not pursuing an advanced degree. the difference in present expenses due to not moving back to her home state to live with her grandparents. the total value of the job at the department store, including wages, work experience, and so on. the total expenses associated with interviewing for the restaurant job, including transportation, time, and anxiety. the total expenses associated with the restaurant job, including clothing, transportation, and so forth.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

If Jasmine had not taken a job at a restaurant, she would have taken a job at a department
store. The opportunity cost of her taking the restaurant job is
the difference in future earnings because of not pursuing an advanced degree.
the difference in present expenses due to not moving back to her home state to live with her grandparents.
the total value of the job at the department store, including wages, work experience, and so on.
the total expenses associated with interviewing for the restaurant job, including transportation, time, and anxiety.
the total expenses associated with the restaurant job, including clothing, transportation, and so forth.

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