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Madeleine Allows Herself $100 Per Month for Purchasing Coffee

Question 78

Multiple Choice

Madeleine allows herself $100 per month for purchasing coffee.The diagram below illustrates the choices available to her.
Madeleine allows herself $100 per month for purchasing coffee.The diagram below illustrates the choices available to her. FIGURE 1- 3 -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) $42 000 B) $65 000 C) $22 000 D) $12 000 E) $52 500 FIGURE 1- 3
-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) $42 000
B) $65 000
C) $22 000
D) $12 000
E) $52 500

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