Question

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

Answer 1

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.