If your tuition is $2,000 this semester, your books cost $400, you can only work 10 rather than 40 hours per weekduring the 15 weeks you are taking classes and you make $12 per hour, and your room and board is $4,000 thissemester, then your opportunity cost of attending college this semester isO a. $7,800.O b. $2,760.O . $11,800.O d. $2,400. Catherine buys and sells real estate. Two weeks ago, she paid $300,000 for a house on Pine Street,intending to spend $50,000 on repairs and then sell the house for $400,000. Last week, the citygovernment announced a plan to build a new landfill on Pine Street just down the street from the houseCatherine purchased. As a result of the city's announced plan, Catherine is weighing two alternatives: Shecan go ahead with the $50,000 in repairs and then sell the house for $290,000, or she can forgo therepairs and sell the house as it is for $250,000. She shouldSelect one:O a. forgo the repairs and sell the house as it is for $250,000.O b. keep the house and live in it.O . move the house from Pine Street to a more desirable location, regardless of the cost of doing so.O d. go ahead with the $50,000 in repairs and sell the house for $290,000.

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If your tuition is $2,000 this semester, your books cost $400, you can only work 10 rather than 40 hours per week during the 15 weeks you are taking classes and you make $12 per hour, and your room and board is $4,000 this semester, then your opportunity cost of attending college this semester is O a. $7,800. O b. $2,760. O. $11,800. O d. $2,400.

If your tuition is $2,000 this semester, your books cost $400, you can only work 10 rather than 40 hours per week during the 15 weeks you are taking classes and you make $12 per hour, and your room and board is $4,000 this semester, then your opportunity cost of attending college this semester is O a. $7,800. O b. $2,760. O. $11,800. O d. $2,400.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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