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Tidy Tidy
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Posts: 4852
8 years ago
Suppose your expenses for this term are as follows: tuition: $10,000, room and board: $6,000, books and other educational supplies: $1,000. Further, during the term, you can only work part-time and earn $8,000 instead of your full-time salary of $20,000. What is the opportunity cost of going to college this term, assuming that your room and board expenses would be the same even if you did not go to college?
A) $11,000
B) $17,000
C) $23,000
D) $29,000
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 1364 times
4 Replies
Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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DropxDropx
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Posts: 1991
8 years ago
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8 years ago
Happy to help, let me know if you have any more requests.
Anonymous
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A month ago
Help! The answer is missing an explanation...
wrote...
A month ago
Added the reasoning, does it help?
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