A salesperson without a job is offered a position that pays Rs500 per week but declines it, opting to keep looking for a higher-paying job. What represents the cost of continuing the job search?

Show Answers

The Rs500 weekly income he gave up by rejecting the jobBoth the Rs500 weekly income he sacrificed and any additional expenses related to the ongoing job huntThe difference between the salary of the new job he eventually accepts and the Rs500 he turned downZero, because he currently has no employmentThe total amount of money he expects to earn from future jobs

Explanation

The cost of continuing the job search includes not only the Rs500 weekly wage he forgoes by rejecting the job offer but also any extra costs he incurs while searching. Therefore, the total cost is the sum of the foregone salary and the monetary expenses related to the job search.