Jasmine is trying to decide what to do with her time this summer. She could take two summer courses that will cost her $1,500 each. Alternatively, she could work as an intern, earning $5,000. What is the opportunity cost of taking summer classes?

Question

Quizplus · Accepted Answer

The opportunity cost of taking summer classes includes both the cost of the classes ($1,500 each, totaling $3,000) and the forgone earnings from the internship ($5,000), totaling $7,500.

Jasmine Is Trying to Decide What to Do with Her