ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Allison will graduate from high school next June. She has ranked her three possible post- graduation plans in the following order: (1) work for two years at a consulting job in her hometown paying $20,000 per year, (2) attend a local community college for two years, spending $5,000 per year on tuition and expenses, and (3) travel around the world tutoring a rock star’s child for pay of $5,000 per year. If she chooses to go with her first choice (#1), what is the opportunity cost of her choice? If the answer is negative, make sure to include that in your response.
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