Allison Is Contemplating a Job Offer with an Advertising Agency

question 61

Multiple Choice

Allison is contemplating a job offer with an advertising agency where she will make $54,000 in her first year of employment. Alternatively, Allison can begin to work in her father's business where she will earn an annual salary of $38,000. If Allison decides to work with her father, the opportunity cost would be:

• A) $0.
• B) $38,000.
• C) $54,000.
• D) $92,000.
• E) irrelevant in deciding which job offer to accept.

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Definitions:

Papillae

Small projections on the tongue that contain taste buds, which are responsible for detecting taste.

Nerve Hearing Impairment

Hearing loss caused by damage to the auditory nerve or the cochlea, affecting the transmission of sound signals to the brain.

Tinnitus

A condition characterized by hearing ringing, buzzing, or other sounds in the ears or head when no external sound is present, often a symptom of underlying issues.

Taste Receptors

Taste receptors are specialized sensory cells located on the tongue that enable the perception of different tastes, such as sweet, salty, bitter, and sour.