Define Opportunity Cost

question 35

Essay

Define opportunity cost.A student who has just graduated from college has three job offers: the first job pays $35,000 a year,the second job pays $23,000 a year,and the third one pays $15,000 a year.What is the student's opportunity cost of taking the first job?

---

Definitions:

Drainage

The removal of fluids from a body cavity, wound, or other source of accumulation, often through natural or artificial means.

Water-Seal Chamber

A compartment within a thoracic drainage system that prevents air from re-entering the pleural space and allows the removal of air and fluid from the chest.

Loose Connections

In a medical setting, refers to electrical or tubing connections that are not securely fastened, potentially leading to equipment malfunction.

Rubber-Tipped Clamps

Clamping devices equipped with rubber tips to grip without causing damage.