Question

Suppose you have a choice of working full-time during the summer or going full-time to summer school. Summer tuition and books are $5,500. If you worked, you could make $9,000. Your rent is $3,000 for the summer, regardless of your choice. The opportunity cost of going to summer school is, therefore $4,500 $5,500 $11,500 $14,500 $17,500.
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Answer #1

Hello,

Please find the answer below:

Anwer is 14500

$9000 as you are not working plus $5500 which you will pay for tuition and books.

So total opportunity cost = 9000 + 5500

Hope this helps. Thank you!!

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