Elina Is Contemplating Doing a Degree

question 5

Multiple Choice

Elina is contemplating doing a degree.If she does she will incur university fees of $20,000 in her first year and have to spend $5,000 on textbooks and university supplies, expenses that she would not have otherwise incurred.To help pay for these fees Elina will have to cash out a term deposit of $20,000 from which she earned interest of 10 per cent per annum.What is the opportunity cost of Elina attending university for a year?

• A)$20,000
• B)$27,000
• C)$25,000
• D)$22,000
• E)$7,000

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Definitions:

Women

Adult female humans, characterized by the possession of two X chromosomes in most cases and typically capable of pregnancy and childbirth.

Valued

Refers to something that is held in high esteem or considered important by individuals or society.

Shortfall

A situation in which something is less than required or expected, often referring to a deficit or inadequacy of resources or quantities.

Chinese Bachelors

Refers to unmarried men in China, which is noteworthy within contexts of demographic concerns and social pressures.