Suppose you have a choice of going full-time to summer school or going to school full-time and working part-time.Summer tuition and books are $2, 200.If you worked part-time, you could make $1, 000.Your rent is $1, 000 for the summer, regardless of your choice.The opportunity cost of going to summer school full-time and not working is, therefore,
A)$1, 000
B)$2, 000
C)$3, 200
D)$4, 200
E)cannot be determined from information given

Question

Quizplus · Accepted Answer

The Answer of Suppose you have a choice of going full-time to summer school or going to school full-time and working part-time.Summer tuition and books are $2, 200.If you worked part-time, you could make $1, 000.Your rent is $1, 000 for the summer, regardless of your choice.The opportunity cost of going to summer school full-time and not working is, therefore,
A)$1, 000
B)$2, 000
C)$3, 200
D)$4, 200
E)cannot be determined from information given

Suppose You Have a Choice of Going Full-Time to Summer