Zach Has the Following Information to Evaluate-His Current Salary of $75,000

question 129

Multiple Choice

Zach has the following information to evaluate-his current salary of $75,000 versus total revenues of $100,000 and expenses of $67,000 from starting a new business.How much is the opportunity cost associated with staying at his current job?

• A)$75,000
• B)$(8,000)
• C)$33,000
• D)$167,000

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Definitions:

Pie Chart

A circular graph divided into slices to illustrate numerical proportions in a dataset, where the arc length of each slice is proportional to the quantity it represents.

Outliers

Observations that are significantly different from, and lie outside the range of, most of the other data points.

Data Point

An individual value or piece of data that is collected as part of a dataset.