John spends $10,000 on on-year's college tuition instead of working full-time at McDonald's (his next best alternative). The opportunity cost of spending one year in college for John would be which of the following? * O $10,000 O 1 year's of McDonald's salary O 1 year's worth of McDonald's salary + $10,000 O 2 year's worth of McDonald's salary
John spends $10,000 on on-year's college tuition instead of working full-time at McDonald's (his next best alternative). The opportunity cost of spending one year in college for John would be which of the following? * O $10,000 O 1 year's of McDonald's salary O 1 year's worth of McDonald's salary + $10,000 O 2 year's worth of McDonald's salary
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![John spends $10,000 on on-year's college tuition instead of working full-time at
McDonald's (his next best alternative). The opportunity cost of spending one
year in college for John would be which of the following? *
O $10,000
O 1 year's of McDonald's salary
O 1 year's worth of McDonald's salary + $10,000
2 year's worth of McDonald's salary
all of the above](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb8eaeb6c-bcc8-4b2a-b2a6-9ab84e3ccd97%2Fb3a81418-d66f-40f5-a602-19ef9860bb8f%2Fj8s7be_processed.png&w=3840&q=75)
Transcribed Image Text:John spends $10,000 on on-year's college tuition instead of working full-time at
McDonald's (his next best alternative). The opportunity cost of spending one
year in college for John would be which of the following? *
O $10,000
O 1 year's of McDonald's salary
O 1 year's worth of McDonald's salary + $10,000
2 year's worth of McDonald's salary
all of the above
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