Suppose Andrea Has a Job That Pays Her $50 000

Multiple Choice

Suppose Andrea has a job that pays her $50 000 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 $20 000 per year.What is the opportunity cost of Andrea's four-year university degree?

A) $128 000
B) $200 000
C) $240 000
D) $248 000
E) $288 000