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Author Question: If you own a condo and you decide to lease it to your cousin (Read 155 times)

pane00

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Question 1

If your tuition is $20,000 this semester, your books cost $2,000, you can only work 10 rather than 40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $8,000 this semester (same as if not attending college), then your opportunity cost of attending college this semester is


◦ $22,000.
◦ $22,150.
◦ $28,750.
◦ $36,750.

Question 2

If you own a condo and you decide to lease it to your cousin


◦ there is no opportunity cost of leasing the condo because you own it.
◦ there is an opportunity cost of leasing the condo because you could have chosen to live in it.
◦ there is no opportunity cost of leasing the condo because you collect rent from your cousin.
◦ the only cost relevant to this decision is the price you paid for the condo.


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Marked as best answer by pane00 on Apr 19, 2019

shewald78

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pane00

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review


miss.ashley

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Reply 3 on: Yesterday
:D TYSM

 

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