Suppose Amin has a job that pays him $87 000 per year (after taxes).He is considering taking an unpaid leave of absence from his job to complete a 12-month MBA program.Tuition is $75 000 and books and materials will cost $5000.Living expenses for the 12-month period will be cheaper by $500 per month,mostly due to lower apartment rental costs.What is the opportunity cost of Amin's 1-year MBA program?
A)$75 000
B)$76 000
C)$161 000
D)$167 000
E)$175 000

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The Answer of Suppose Amin has a job that pays him $87 000 per year (after taxes).He is considering taking an unpaid leave of absence from his job to complete a 12-month MBA program.Tuition is $75 000 and books and materials will cost $5000.Living expenses for the 12-month period will be cheaper by $500 per month,mostly due to lower apartment rental costs.What is the opportunity cost of Amin's 1-year MBA program?
A)$75 000
B)$76 000
C)$161 000
D)$167 000
E)$175 000

Suppose Amin Has a Job That Pays Him $87 000