During the summer you have made the decision to attend summer school, which prevents you from working at your usual summer job in which you normally earn $6,000 for the summer. Your tuition cost is $3,000 and books and supplies cost $1,300. The opportunity cost of attending summer school is

Question

Quizplus · Accepted Answer

The opportunity cost includes both the foregone earnings of $6,000 and the direct costs of tuition and supplies, totaling $10,300.

During the Summer You Have Made the Decision to Attend