An Individual Is Induced to Change His/her Occupation If

question 69

Multiple Choice

An individual is induced to change his/her occupation if:

• A)the sunk cost of the current occupation is high.
• B)the expected net gains from the alternative occupation is negative.
• C)the outlook for future income increases in the current occupation is as good as another occupation.
• D)he/she has devoted a lot of money,time and effort in the current occupation.
• E)the marginal cost of remaining in the current occupation is very high.

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