Suppose that following graduation you have four job offers. Job 1 is in Spokane Washington, and pays a salary of $50,000 per year, Job 2 is in San Jose California and pays $60,000 per year, Job 3 is in Raleigh NC and pays $45,000 per year, Job 4 is in Sarasota Florida and pays $40,000 per year. If you choose job 4, what is the opportunity cost of this decision? Group of answer choices The full (combined) value of the other three jobs, including salary, benefits and living in those cities. The full value of Job 1, since this is the highest paying alternative. The full value of whichever job would have been your second choice. Zero. $20,000, because this is the difference between the salary you chose and the maximum salary that you gave up.
Suppose that following graduation you have four job offers. Job 1 is in Spokane Washington, and pays a salary of $50,000 per year, Job 2 is in San Jose California and pays $60,000 per year, Job 3 is in Raleigh NC and pays $45,000 per year, Job 4 is in Sarasota Florida and pays $40,000 per year. If you choose job 4, what is the
Group of answer choices
The full (combined) value of the other three jobs, including salary, benefits and living in those cities.
The full value of Job 1, since this is the highest paying alternative.
The full value of whichever job would have been your second choice.
Zero.
$20,000, because this is the difference between the salary you chose and the maximum salary that you gave up.
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