Isaac Has Four Potential Jobs to Consider,each with Different Salary

question 159

Multiple Choice

Isaac has four potential jobs to consider,each with different salary offers.From highest to lowest,the salaries are: $47,500,$46,000,$45,000,and $42,000.Based on the information provided,if Isaac accepts the highest-paying position,what is his opportunity cost of this position?

• A) $46,000
• B) $42,000
• C) $47,500
• D) $133,000
• E) $1,500

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Definitions:

Acheulian Tools

Stone tools associated with early human species, characterized by hand axes and cleavers produced during the Lower Palaeolithic era.

Homo Erectus

An extinct species of hominid that lived throughout most of the Pleistocene, known for standing upright and using tools.

H. Floresiensis

A species of small hominin that lived on the island of Flores, Indonesia, known for its remarkably small stature and brain size.

"Hobbits"

A nickname for Homo floresiensis, a small-bodied ancient human species discovered on the Indonesian island of Flores.