Suppose Your Expenses for This Term Are as Follows: Tuition

question 132

Multiple Choice

Suppose your expenses for this term are as follows: tuition: $10 000, room and board: $6000, books and other educational supplies: $1000.Further, during the term, you can only work part-time and earn $8000 instead of your full-time salary of $20 000.What is the opportunity cost of going to university this term, assuming that your room and board expenses would be the same even if you did not go to university?

• A)$11 000
• B)$17 000
• C)$23 000
• D)$29 000