6) Bob is wondering if he should go to college. He would have to pay $40,000 for 4 years and would end up receiving a job paying $20,000 higher than what he can currently obtain ($60,000 a year). What is Bob's opportunity cost over 8 years, if he chooses to go to school and then work for 4 years?: * OA) $160,000 O B) $400,000 OC) $320,000 OD) $120,000

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter7: Production, Costs, And Industry Structure
Section: Chapter Questions
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6) Bob is wondering if he should go to college. He would have to pay $40,000 for 4 years
and would end up receiving a job paying $20,000 higher than what he can currently obtain
($60,000 a year). What is Bob's opportunity cost over 8 years, if he chooses to go to
school and then work for 4 years?: *
OA) $160,000
O B) $400,000
OC) $320,000
OD) $120,000
Transcribed Image Text:6) Bob is wondering if he should go to college. He would have to pay $40,000 for 4 years and would end up receiving a job paying $20,000 higher than what he can currently obtain ($60,000 a year). What is Bob's opportunity cost over 8 years, if he chooses to go to school and then work for 4 years?: * OA) $160,000 O B) $400,000 OC) $320,000 OD) $120,000
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