Economy, asked by tyriellejones01, 1 year ago

Accessing opportunity cost involves

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Answered by 15121115anil
0
The opportunity cost relative to training for a new career involves weighing the salary you would earn at your current job against losing income to return to school. For example, if you need to get an MBA for this new career you may have to go back to school for two years, where tuition costs $30,000 per year. You'll lose two years of salary, but will hopefully earn a higher rate of pay when you begin your new career in two years, allowing you to offset the money you lost by not working and the cost of the tuition you owe.
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