You decide to quit your $40,000 a year job to go back to school. Your rent is $9,600 per year, you spend $6,000 per year on food, your tuition costs $24,000 per year, and textbooks cost $3,000 per year. Based on these numbers, what are your yearly explicit and implicit costs of going back to school?

Question

Quizplus · Accepted Answer

The Answer of You decide to quit your $40,000 a year job to go back to school. Your rent is $9,600 per year, you spend $6,000 per year on food, your tuition costs $24,000 per year, and textbooks cost $3,000 per year. Based on these numbers, what are your yearly explicit and implicit costs of going back to school?

You Decide to Quit Your $40,000 a Year Job to Go