Suppose that your tuition to attend college is $14,000 per year and you spend$5,000 per year on room and board. If you were working full time, you could earn$26.000 per year. What is your opportunity cost ofattending college? A)$19.000 B) $31.000 C)$40.000 D) $45.000
Suppose that your tuition to attend college is $14,000 per year and you spend$5,000 per year on room and board. If you were working full time, you could earn$26.000 per year. What is your opportunity cost ofattending college? A)$19.000 B) $31.000 C)$40.000 D) $45.000
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 5SQP
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Transcribed Image Text:Suppose that your tuition to attend college is $14,000 per year and you spend$5,000 per year on room
and board. If you were working full time, you could earn$26.000 per year. What is your opportunity cost
ofattending college? A)$19.000 B) $31.000 C)$40.000 D) $45.000
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