An electrician quits her current job, which pays 40,000 per year. ...

[melina_rosy]

An electrician quits her current job, which pays 40,000 per year. She can take a job with another firm for 45,000 per year or work for herself. The opportunity cost of working for herself is
 
  A) 5,000.
  B) 40,000.
  C) 45,000.
  D) 85,000.

Question 2

An example of a perfectly competitive industry is
 
  A) a big city police department.
  B) the market for corn in the United States.
  C) the market for French impressionists' paintings.
  D) the National Football League.

[djofnc]

Answer to Question 1

C

Answer to Question 2

B