Suppose Andrea Has a Job That Pays Her $25 000

Multiple Choice

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 will cost $10 000 per year. What is the opportunity cost of Andrea's four- year university degree?

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