Elina Is Contemplating Doing a Degree

question 4

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 come to university Elina will also have to give up her job in a local brewery from which she earns $35,000 a year.What is the opportunity cost of Elina attending university for a year?

• A)$40,000
• B)$35,000
• C)$5,000
• D)$25,000
• E)$60,000

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Definitions:

Equipment Shortages

Situations wherein the demand for specific equipment exceeds the available supply, often leading to operational delays and increased costs.

Intermodal Shipments

The transportation of goods using more than one mode of transport, such as trucks, trains, and ships, to improve efficiency and reduce costs.

Freight Documentation

The collection of documents required for the transportation of goods over distances, encompassing details like shipping orders, invoices, and bills of lading.