Suppose you have graduated with a degree in accounting and are offered a job with an accounting firm.

Answer
[3] the lucrative salary you could be making as an accountant.
Explanation
Opportunity cost is a concept that refers to the value of the next best alternative that you give up when you make a choice. Every decision you make has an opportunity cost because resources are limited, while wants and needs are infinite. For example, when you choose to pursue a career in a music band instead of accounting, you are forgoing the opportunity to earn a salary in accounting, and that is your opportunity cost.
Opportunity cost is not limited to financial costs but can also include time, effort, and other resources. It is a fundamental concept in economics, as it helps individuals and organizations to make rational and informed decisions. By understanding opportunity cost, you can weigh the benefits and drawbacks of different choices and make the most efficient use of your resources.
In practical terms, opportunity cost is the value of the foregone alternative that you would have chosen if you had not made the decision you did. It can be challenging to calculate opportunity cost accurately, but it is crucial to consider it when making decisions that involve trade-offs between different options. By considering the opportunity cost, you can ensure that you are making the best decision possible based on the available options and resources.