If your tuition is $5,000 this semester, your books cost $600, you can only work 20 rather than 40 hours per week durine the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $3000 this semester, then your opportunity cost of attending college this semester is O a. $5,600. O b. $11,600. O c. $10,100. O d. $5,900.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter12: The Cost Of Production
Section: Chapter Questions
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If your tuition is $5,000 this semester, your books cost $600, you can only work 20 rather than 40 hours per week during
the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $3000 this semester, then
your opportunity cost of attending college this semester is
O a. $5,600.
O b. $11,600.
O c. $10,100.
O d. $5,900.
Transcribed Image Text:If your tuition is $5,000 this semester, your books cost $600, you can only work 20 rather than 40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $3000 this semester, then your opportunity cost of attending college this semester is O a. $5,600. O b. $11,600. O c. $10,100. O d. $5,900.
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