Suppose that your tuition to attend college is $24,000 per year and you spend $8,000 per year on room and board. If you were working full time, you could earn $30,000 per year. What is your opportunity cost of attending college for one year?
A) $32,000
B) $38,000
C) $54,000
D) $62,000
Correct Answer:
Verified
Q3: The opportunity cost of going to college
A)
Q12: The sacrifices made by societies in order
Q13: Steven lives in a big city where
Q14: Jacinda quit her job as a blackjack
Q16: Spending money on a new car instead
Q18: The trade-offs made by the U.S. government
Q18: The principle of opportunity cost
A) is more
Q19: The saying that "There's no such thing
Q22: Figure 2.1 Q23: If an economy is fully utilizing its
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents