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:

Hasty Generalization

A logical fallacy where a conclusion is not logically justified by sufficient or unbiased evidence.

Arguments

Reasons given in proof or rebuttal, or discussions aimed at reaching a conclusion through reasoning.

Trout

A common name for several species of freshwater fish belonging to the salmon family, often valued as food and game.

Reds

Refers colloquially to red wine or to teams wearing red uniforms; context could specify further meaning.