Author Question: Suppose you have a choice of working full-time during the summer or going full-time to summer ... (Read 180 times)

oliviahorn72 · **on:** Jul 1, 2018

Suppose you have a choice of working full-time during the summer or going full-time to summer school. Summer tuition and books are 2,200 . If you worked, you could make 7,000 . Your rent is 1,000 for the summer, regardless of your choice. The opportunity cost of going to summer school is, therefore,
a. 2,200
b. 7,000
c. 8,000
d. 9,200
e. 10,200

Question 2

The opportunity cost of going to college is best measured by the
a. cost of room and board
b. cost of tuition
c. cost of room and board plus tuition
d. income forgone by not working, plus tuition
e. income forgone by not working, plus tuition and room and board