Author Question: If someone you know offers far more to hire you to work for than you could ever have imagine, the ... (Read 87 times)

audragclark · **on:** Jun 30, 2018

If someone you know offers far more to hire you to work for than you could ever have imagine, the opportunity cost of working for yourself would rise.
a. True
b. False
Indicate whether the statement is true or false

Question 2

An individual is induced to change his/her occupation if:
a. the sunk cost of the current occupation is high.
b. the expected net gains from the alternative occupation is negative.
c. the outlook for future income, in the current occupation, increases.
d. he/she has devoted a lot of money, time and effort in the current occupation.
e. the marginal cost of remaining in the current occupation is very high.