A TV Actor Used to Be a Teacher

question 169

Multiple Choice

A TV actor used to be a teacher.Aside from the salary, he likes both jobs equally well.If he can earn $50, 000 as a teacher and $300, 000 as an actor, what are his economic rent and opportunity costs as an actor?

• A)Economic rent is $250, 000; opportunity costs are $50, 000.
• B)Economic rent is $50, 000; opportunity costs are $250, 000.
• C)Economic rent is $50, 000; opportunity costs are $300, 000.
• D)Economic rent is $300, 000; opportunity costs are $50, 000.
• E)Economic rent is $300, 000; opportunity costs are $350, 000.

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