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Harry Has Just Received His Bachelor's Degree and Is Considering

Question 60

Multiple Choice

Harry has just received his bachelor's degree and is considering two alternatives. (1) He could obtain an entry-level accounting position paying £30,000 per year. (2) He could obtain his master's degree with one more year of study and work part-time for £8,000 per year. The opportunity cost associated with Harry obtaining his master's degree is


A) £-0-.
B) £22,000.
C) £30,000.
D) £38,000.

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