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In Year 1, Jerry Decided to Give Up a Job

Question 15

Multiple Choice

In Year 1, Jerry decided to give up a job that paid an annual salary of $100,000 to go back to school. College tuition cost a total of $50,000 for one year. However, in Year 2, after graduation, Jerry got a job that paid $200,000. The opportunity cost of getting an education for Jerry is:


A) $ 50,000
B) $150,000
C) $100,000
D) none of the above

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