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Tidy Tidy
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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:
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DropxDropx
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#1
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8 years ago
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#2
8 years ago
Happy to help, let me know if you have any more requests.
Anonymous
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#3
4 weeks ago
Help! The answer is missing an explanation...
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#4
4 weeks ago
Added the reasoning, does it help?
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