Chantal Has a Full-Time Job as a Geological Engineer and Earns

question 83

Multiple Choice

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?

• A)$12 000
• B)$22 000
• C)$42 000
• D)$52 500
• E)$65 000

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Definitions:

Depository

An institution, such as a bank or library, that holds and manages funds or information for its users.

Clay

A natural, earthy material that is malleable when wet and can be used for making pottery, bricks, and sculptures.

Career Counseling

A service that helps individuals understand themselves and the world of work in order to make career, educational, and life decisions.

Gender Disparities

Highlights differences in outcomes, treatments, or opportunities between genders, often referring to issues of inequality in the workplace, education, and other sectors.