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?

$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

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the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.