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Chantal has a full-time job as a geological engineer and earns an annual after-tax salary of $85 ...

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Chantal has a full-time job as a geological engineer and earns an annual after-tax salary of $85 ...

Chantal has a full-time job as a geological engineer and earns an annual after-tax salary of $85 000. She decides to leave her job for 6 months to scuba dive on the Great Barrier Reef in Australia, and incurs costs of $7500 for course equipment and certification, $2500 for airfare, and $12 000 for regular living expenses in Australia (equal to her living expenses at home). What is Chantal's opportunity cost for this 6-month, unpaid leave of absence?

▸ $65 000

▸ $22 000

▸ $12 000

▸ $42 000

▸ $52 500

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Microeconomics

Edition: 17^th

Author: Ragan

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