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Chantal Has a Full-Time Job as a Geological Engineer and Earns

Question 98

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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 Chantalʹs opportunity cost for this 6 -month, unpaid leave of absence?


A) $12 000
B) $22 000
C) $42 000
D) $52 500
E) $65 000

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