Rosie is an entrepreneur who is considering starting her own business. She currently works as a beautician with an annual salary of $30,000. She has also been offered a job as a real estate agent with an annual salary of $50,000 but prefers her current job.

Select the item from the list provided to make the following statements true.

-

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

Opportunity cost __________ referred to as the value of thebest alternative not chosen.

-

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

The opportunity cost of starting her own business is __________.

-

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

The $20,000difference between the real-estate salary and the beautician salary is a measure of at least_________ Rosie must receive in the beautician job.

1.hercurrentjob

2.a job as a real estate agent

3.$50,000

4.the non-monetarybenefit

5.$10,000

6.is not

7.is

8.the marginal analysis from the beautician job and the real estate job

9.average cost

10.unabletobedetermined

11.starting her own firm

12.marginal cost