Answer :
Camillo's opportunity cost of accepting the job paying $32,000 year is two weeks of vacation time.
What is opportunity cost, and what is its calculation?
The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost." You cannot, for instance, read a book at home during the time you would have spent seeing a movie and spend the money you would have spent on something else.
The benefit you forgo while deciding on one course of action over another is known as the opportunity cost. The following method can be used to calculate the opportunity cost of selecting one investment choice over another: Opportunity Cost is calculated as Return on the Most Profitable Investment - Return on Investment Pursued.
Opportunity cost: Why is it significant?
This idea recognizes both the apparent and implicit costs of a choice, as well as the costs of what you give up when you make that choice. Opportunity cost offers a framework for choosing the best course of action, especially when dealing with scarce resources like time and money.
Learn more about Opportunity cost: https://brainly.com/question/13036997
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