Multiple Choice
Suppose that your tuition to attend college is $24,000 per year and you spend $8,000 per year on room and board. If you were working full time, you could earn $30,000 per year. What is your opportunity cost of attending college for one year?
A) $32,000
B) $38,000
C) $54,000
D) $62,000
Correct Answer:

Verified
Correct Answer:
Verified
Q104: How would an increase in prices in
Q105: Recall the Application about the use of
Q106: Table 2.2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2855/.jpg" alt="Table 2.2
Q109: When you have a job and your
Q109: Recall the Application about the impact inflation
Q110: Considering how a change in one variable
Q111: When referring to "marginal" changes, the economic
Q113: Table 2.5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2855/.jpg" alt="Table 2.5
Q122: If real salaries decrease but nominal salaries
Q170: Consider a firm that is trying to