An Individual Is Induced to Change His/her Occupation If

An individual is induced to change his/her occupation if:

A) the sunk cost of the current occupation is high.
B) the expected net gains from the alternative occupation is negative.
C) the outlook for future income increases in the current occupation is as good as another occupation.
D) he/she has devoted a lot of money,time and effort in the current occupation.
E) the marginal cost of remaining in the current occupation is very high.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free