Suppose Amin Has a Job That Pays Him $87 000

question 1

Multiple Choice

Suppose Amin has a job that pays him $87 000 per year (after taxes) .He is considering taking an unpaid leave of absence from his job to complete a 12-month MBA program.Tuition is $75 000 and books and materials will cost $5000.Living expenses for the 12-month period will be cheaper by $500 per month,mostly due to lower apartment rental costs.What is the opportunity cost of Amin's 1-year MBA program?

• A)$75 000
• B)$76 000
• C)$161 000
• D)$167 000
• E)$175 000

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Definitions:

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