Question: Robert is considering taking up a new managerial position with a total annual compensation of $ 8 0 , 0 0 0 . The managerial

Robert is considering taking up a new managerial position with a total annual compensation of $80,000. The managerial role is very similar to his current role. The total annual compensation in his current position is $60,000. Therefore, the implicit cost of taking up the new managerial position is _____.
Multiple choice question.
$20,000
$0
$60,000
$80,000

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