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Question
Isaac has four potential jobs to consider, each with different salary offers. From highest to lowest, the salaries are: $47,500, $46,000, $45,000, and $42,000. Based on the information provided, if Isaac accepts the highest-paying position, what is his opportunity cost of this position?
a. $46,000
b. $42,000
c. $47,500
d. $133,000
e. $1,500
Answer
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