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IL Dominic has been offered a new job as a university lecturer with an annual salary of $55,000. He currently works as a university
IL Dominic has been offered a new job as a university lecturer with an annual salary of $55,000. He currently works as a university tutor with an annual salary of $45,000. He has also been offered a job as a company director with an annual salary of $65,000. Dominic decides to simply use salary as a way to rank his preferences, with the company director job being the most preferred. Select the item from the list provided to make the following statements true. The next best 1. is not alternative to the 2. company $0 3. the director job is _job(s). is the opportunity cost (in dollars) of taking the company director job. Salary university tutor 4. the university tutor and the university lecturer 5. $45,000 6. $10,000 7. is 8. $55,000 the only information an economist would consider in this situation when 9. none of the other 10 the . university lecturer 11 marginal . cost deciding which job to take. 12 is sometime S
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