Suppose Andrea Has a Job That Pays Her $25 000

question 71

Multiple Choice

Suppose Andrea has a job that pays her $25 000 per year (after taxes) .She is considering quitting her job and going to university full time for four years.Tuition fees and books will cost $12 000 per year.Living expenses in either situation will cost $10 000 per year.What is the opportunity cost of Andrea's four-year university degree?

• A)$88 000
• B)$100 000
• C)$120 000
• D)$148 000
• E)$188 000

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