High School Economics Quiz
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FOUNDATIONS OF ECONOMIC THINKING
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A recent college graduate has two job offers. Job A is in their hometown and pays an annual salary of $55,000. Job B is in a more expensive city, pays $70,000, but would require an additional $12,000 per year in living expenses compared to their hometown. The graduate considers the non-monetary aspects of both jobs to be equal. What is the opportunity cost of choosing Job A?
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