Suppose that your tuition to attend college is $14,000 per year and you spend$5,000 per year on roomand board. If you were working full time, you could earn$26.000 per year. What is your opportunity costofattending college? A)$19.000 B) $31.000 C)$40.000 D) $45.000

Answered: Suppose that your tuition to attend…

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth

Section: Chapter Questions

Problem 5SQP

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Suppose that your tuition to attend college is $14,000 per year and you spend$5,000 per year on room and board. If you were working full time, you could earn$26.000 per year. What is your opportunity cost ofattending college? A)$19.000 B) $31.000 C)$40.000 D) $45.000