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Chantal has a full-time job as a geological engineer and earns an annual after-tax salary of $85 000.She decides to leave her job for 6 months to scuba dive on the Great Barrier Reef in Australia,and incurs costs of $7500 for course equipment and certification,$2500 for airfare,and $12 000 for regular living expenses in Australia (equal to her living expenses at home) .What is Chantal's opportunity cost for this 6-month,unpaid leave of absence?
Telegraph Wire
A medium used historically for transmitting telegraphic messages through electrical signals over long distances.
Miles
A unit of length equal to 5,280 feet or approximately 1,609 meters, used primarily in the United States and the United Kingdom.
New York City
A major metropolitan city located in the state of New York, known for its significant cultural, financial, and media influence both nationally and internationally.
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