Oscar is thinking of quitting his job and buying a business. He thinks he will earn $100,000 in the first year. He currently works for a firm and earns a salary of $50,000 / year.
What is Oscar's opportunity cost for buying the business?
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Home » Business » Oscar is thinking of quitting his job and buying a business. He thinks he will earn $100,000 in the first year. He currently works for a firm and earns a salary of $50,000 / year. What is Oscar's opportunity cost for buying the business?