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Suppose That Your Tuition to Attend College Is $14,000 Per

Question 3

Multiple Choice

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 of attending college?


A) $19,000
B) $31,000
C) $40,000
D) $45,000

Correct Answer:

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