Suppose You Have a Choice of Working Full-Time During the Summer

question 123

Multiple Choice

Suppose you have a choice of working full-time during the summer or going full-time to summer school.Summer tuition and books are $2,200.If you worked,you could make $7,000.Your rent is $1,000 for the summer,regardless of your choice.If these are the only relevant costs to consider,the opportunity cost of going to summer school is:​

• A)$2,200.
• B)$7,000.
• C)$8,000.
• D)$9,200.
• E)$10,200.

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Definitions:

Non Vessel-owning Common Carriers

Third-party companies that provide shipment forwarding services without owning the vessels used for transportation, typically organizing logistics for shipping goods.

Near-shoring

The practice of transferring a business operation or service to a nearby country, rather than a far-off location, to reduce costs and improve communication and control.

On-shoring

The practice of bringing business operations back to the company's country of origin from overseas to improve control and reduce costs.

Intermediate Vehicle Carriers

Companies or services that provide transportation of goods between primary carriers and final delivery points.