Christine is working full-time at a job, and is considering going to college. She earns $35,000...
Christine is working full-time at a job, and is considering going to college. She earns $35,000 per year working at the job. She spends $7000/year on rent, and $27,000 per year on other things.
what are Christine's costs of working full-time? What are her benefits? Are Christine's benefits greater than her costs? Answer in dollars ($) and show how you got these answers.
Homework Answers
Given that Christine earns $35000 per year by working, Christine's opportunity cost of going to college = $35000 forgone by not working.
Christine's costs of working full-time = 7000 + 27000 = $34000
Her benefir = income - cost = $35000 - $34000 = $1000
Thus, Christine's benefits greater than her costs by $1000
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