Sue is considering leaving her current position to open a coffee shop. Sue's current annual salary is $83,000. Annual coffee shop revenue and costs are estimated at $260,000 and $210,000, respectively. What is Sue's opportunity cost of staying at her current work position?

Answer: $ 23,000

Step-by-step explanation:

Given

sue's annual salary=$ 83,000

Annual coffee shop revenue = $ 2,60,000

cost of shop (Expenses) = $ 2,10,000

Net income from shop=Revenue-cost

=2,60,000-2,10,000=$ 50,000

Sue can earn up to $ 83,000 annually from her job while opening a coffee shop she can only get $ 50,000

opportunity cost for sue=83,000-50,000=$ 23,000 by staying at her current work position