Elina Is Contemplating Doing a Degree

Multiple Choice

Elina is contemplating doing a degree.If she does she will incur university fees of $20,000 in her first year and have to spend $5,000 on textbooks and university supplies, expenses that she would not have otherwise incurred.To come to university Elina will also have to give up her job in a local brewery from which she earns $35,000 a year.What is the opportunity cost of Elina attending university for a year?

A) $40,000
B) $35,000
C) $5,000
D) $25,000
E) $60,000