After graduating from UNL, Bob has two job opportunities. First, Bob can choose to accept a...
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After graduating from UNL, Bob has two job opportunities. First, Bob can choose to accept a job offer from Amazon to work as a data scientist for an annual salary of $250,000. Alternatively, Bob can start his own business to sell widgets. The only inputs for widget is Bob's own labor and some material cost, which amounts to $1 for each widget. Suppose that Bob chooses to sell widgets. At the end of the first year, Bob realized that he produced 100000 widgets. What is Bob's opportunity cost of producing these 100000 widgets? $100000 $250000 $350000 After graduating from UNL, Bob has two job opportunities. First, Bob can choose to accept a job offer from Amazon to work as a data scientist for an annual salary of $250,000. Alternatively, Bob can start his own business to sell widgets. The only inputs for widget is Bob's own labor and some material cost, which amounts to $1 for each widget. Suppose that Bob chooses to sell widgets. At the end of the first year, Bob realized that he produced 100000 widgets. What is Bob's opportunity cost of producing these 100000 widgets? $100000 $250000 $350000
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Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
Posted Date:
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