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Zach has the following information to​ evaluate: his current salary of​ $77,000 versus total revenues of​ $100,000 and expenses of​ $70,000 from starting a new business. How much is the opportunity cost associated with staying at his current​ job

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abiolataiwo2015

The opportunity cost associated with staying at his current​ job is $30,000.

Opportunity cost

Using this formula

Opportunity cost=Total revenues-Expenses

Where:

Total revenues=$100,000

Expenses=$30,000

Let plug in the formula

Opportunity cost=$100,000-$70,000

Opportunity cost=$30,000

Inconclusion the opportunity cost associated with staying at his current​ job is $30,000.

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