Question

​Tara, a​ pharmacist, is planning on opening her own pharmacy. Tara currently earns​ $50,000 a year at her job. She has calculated that it will cost her​ $6,000 in rent and utilities and​ $25,000 for an assistant per year to run her pharmacy. What is the amount of opportunity cost that Tara incurs in running her own​ pharmacy?

Answer 1

Answer:

$81,000

Explanation:

The computation of the amount of opportunity cost for running her own​ pharmacy is shown below:

= Earning as a job + rent expenses + utilities expenses

= $50,000 + $6,000 + $25,000

= $81,000

By adding the earnings, rent expenses, and the utility expenses we can get the opportunity cost for running her own​ pharmacy