If Your Tuition Is $5,000 This Semester, Your Books Cost

question 47

Multiple Choice

If your tuition is $5,000 this semester, your books cost $600, you can only work 20 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 $3,000 this semester (same as if not attending college) , then your opportunity cost of attending college this semester is

• A) $5,600.
• B) $5,900.
• C) $10,100.
• D) $11,600.

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Definitions:

Gallons

A unit of measurement for volume primarily used in the United States, equal to 3.785 liters.

Gas

A state of matter consisting of particles that are not bound together, allowing it to expand to fill the shape of its container, commonly used as a fuel or energy source.

Special Bonus

An additional payment or reward given to an employee or group, often as recognition for exceptional work or achievement.

Fund

A pool of money set aside for a specific purpose or invested in a variety of financial instruments to generate returns for its investors.