A teacher is paid $30 000 at present but would still be prepared to carry on in the role if her pay were at least $25 000. She would rather remain in her teaching position than move to her next best alternative job as an accountant, in which she could receive $40 000. Which statement is correct?
- AHer economic rent as a teacher is $5000.
- BHer economic rent as an accountant is $10 000.
- CHer transfer earnings as a teacher are $30 000.
- DHer transfer earnings as an accountant are $15 000.