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21 April, 07:16

Ted quits his $60,000 minus-aminus-year job to be a stayminus-atminus-home dad. what is the opportunity cost of his decision?

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  1. 21 April, 07:43
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    The opportunity cost of his decision is at least $60,000.

    Opportunity costs refer to the benefits you would have received by taking an alternative financial action, it is also known as alternative cost. It is a benefit that a person could have received, but gave up, to take another course of action.
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