Fiona lives in a college town, paying $4,500 a year for his apartment. She is calculating his opportunity cost of getting a BBA degree from the local college. If she goes to college, she'll pay $9,000 for tuition and $1,500 for textbooks each year. She'd continue to live in the same apartment and pay the same rent. The rest of her expenses would also be the same no matter whether or not she goes to college. Fiona is offered a job paying $20,000 per year, which she won't be able to do if he is in college. She expects to graduate in four years. What is Fiona's opportunity cost of getting her BBA degree?

Fiona lives in a college town, paying $4,500 a year for his apartment. She is calculating his opportunity cost of getting a BBA degree from the local college. If she goes to college, she'll pay $9,000 for tuition and $1,500 for textbooks each year. She'd continue to live in the same apartment and pay the same rent. The rest of her expenses would also be the same no matter whether or not she goes to college. Fiona is offered a job paying $20,000 per year, which she won't be able to do if he is in college. She expects to graduate in four years. What is Fiona's opportunity cost of getting her BBA degree?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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