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Assume that when you graduate you are offered two jobs. One job is in Las Vegas and will pay $35,000 per year. The other job

Assume that when you graduate you are offered two jobs. One job is in Las Vegas and will pay $35,000 per year. The other job is in Boulder, Colorado and will pay $33,000 per year. The $2,000 difference in the salaries represents:

an opportunity cost.

an irrelevant (not relevant) cost.

a joint cost.

a sunk cost.

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