Homework Answers
Opportunity cost is the value of next best alternative foregone.
Here foregone opportunity is job offer.
therefore $12000
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Question 46 After graduating from high school, Peggy Smith decided to enroll in a two-year program...
After graduating from high school, Peggy Smith decided to enroll in a two-year program at the...
After graduating from high school, Peggy Smith decided to enroll in a two-year program at the local community college rather than to accept a job that offered a salary of $12,000 per year. If the annual tuition and fees are $4,600, the annual opportunity cost of attending the community college is
Ben the Builder has been working for a few years and decided to go back to school. Being originally from Bothell, he has set his sights on UW Bothell. Currently, living and working out of state, he&#...
Ben the Builder has been working for a few years and decided to go back to school. Being originally from Bothell, he has set his sights on UW Bothell. Currently, living and working out of state, he's thinking about moving to Washington a year early to establish residency. It's worth considering, knowing that in state tuition is $12,000 per year, while out-of-state tuition is $50,000 per year. He's currently living out of state with friends for free, but if he...
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