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Your roommate, Jerry, has used his credit card to excess and has realized that the interest he is paying is outrageous. He decides to get
Your roommate, Jerry, has used his credit card to excess and has realized that the interest he is paying is outrageous. He decides to get a part-time job for the remainder of the semester. He has three job opportunities. First, he has been offered a tutoring position with the athletic department for the remainder of the semester where he will earn $960. Second, he has been offered a job as a waiter at a popular restaurant where he estimates his earnings will be $1,200. Third, he has been offered a sales position at a local department store where he expects his salary to produce earnings of $700. Jerry chooses to accept the tutoring position. Considering only money, what is Jerry's opportunity cost of choosing the tutoring position? Group of answer choices $960 $700 $260 $1200
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