Figure 1- 2 with a Budget of $500 000,a School

Multiple Choice

Figure 1- 2 With a budget of $500 000,a school board can choose to purchase 20 000 textbooks or 2000 laptop computers (or some intermediate combination) for use in classrooms.

-Suppose Andrea has a job that pays her $25 000 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 $10 000 per year.What is the opportunity cost of Andrea's four- year university degree?

A) $188 000
B) $100 000
C) $120 000
D) $88 000
E) $148 000