Germaine plans to attend college next year. Tuition costs $3,000, books cost $600, and residence fees cost $4,000. She currently earns $24,000 a year working at Chapters but would have to quit work. Germaine's opportunity cost of attending college is $7,600.

Question

Quizplus · Accepted Answer

The given information does not provide any justification for calculating the opportunity cost of attending college. Therefore, it cannot be concluded that Germaine's opportunity cost of attending college is $7,600.

Germaine Plans to Attend College Next Year