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If the Cost of Tuition Is $1000; Books Cost $500;

Question 17

Multiple Choice

If the cost of tuition is $1000; books cost $500; supplies cost $100; and you could have earned $20000 instead of attending college, then the total opportunity cost of attending college is:


A) $1600.
B) $21 600.
C) $20 000.
D) impossible to determine unless an interest rate is known.

Correct Answer:

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