After graduating from high school, Quinn Thompson decided to enroll in a 2 year program at the local community college rather than accept a job that had a starting salary of $12,000/year. If the annual tuition and fees are $4,600, the annual opportunity cost of attending the community college is O $16,600 O $12,000 O $24,000 O $7,400 O $4,600

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter17: Capital And Time
Section: Chapter Questions
Problem 17.6P
icon
Related questions
Question
!
After graduating from high school, Quinn Thompson decided to enroll in a 2 year program at
the local community college rather than accept a job that had a starting salary of
$12,000/year. If the annual tuition and fees are $4,600, the annual opportunity cost of
attending the community college is
O $16,600
O $12,000
$24,000
O $7,400
O $4,600
Transcribed Image Text:! After graduating from high school, Quinn Thompson decided to enroll in a 2 year program at the local community college rather than accept a job that had a starting salary of $12,000/year. If the annual tuition and fees are $4,600, the annual opportunity cost of attending the community college is O $16,600 O $12,000 $24,000 O $7,400 O $4,600
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Learner's Curve
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Microeconomic Theory
Microeconomic Theory
Economics
ISBN:
9781337517942
Author:
NICHOLSON
Publisher:
Cengage