What is the value of his outside or next best alternative

Reference no: EM131047068

Fred is a salesman who can sell enough to generate $200,000/year worth of profit for his company. He earns only $110,000 in compensation. What is the value of his outside or next best alternative?

a. $0

b. $5,000

c. $10,000

d. $20,000

Reference no: EM131047068

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