michaelar2226 michaelar2226

08-05-2024
Business

Answered

You plan to go to school this summer.
- If you do, you won't be able to take your usual summer job that pays 7,000 for the summer.
- The cost of tuition is1,000 and textbooks cost 100.
- You live with your family, which covers your living expenses of 1,200.

a. What is your opportunity cost of going to school this summer?

Answer :

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