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Susan Quits Her Administrative Job, Which Pays $40,000 a Year

Question 65

Multiple Choice

Susan quits her administrative job, which pays $40,000 a year, to finish her four-year college degree. Her annual college expenses are $8,000 for tuition, $900 for books, and $2,500 for food. The opportunity cost of attending college for the year is:


A) $11,400.
B) $8,900.
C) $48,900.
D) $51,400.

Correct Answer:

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