Choose one of the following pairs of opportunities Eating salad vs. eating steak Studying vs. going out with friends Going to college vs. getting a job Working out vs. studying Playing rugby vs. joining the glee club Within your thread. State your pair. Estimate the explicit costs of EACH course of action (i. e. the monetary cost). Estimate the implicit opportunity costs for each. Are there more than one? Does each implicit cost carry the same weight as the next? Choose one of the actions and explain how this relates to the term Opportunity Cost as defined in the text.

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game. expert answer