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Suppose you plan to take summer courses. The cost of tuition and textbooks is $1,200, housing will cost you $400, and you'll spend $300 on food If you decide not to take courses

Suppose you plan to take summer courses. The cost of tuition and textbooks is $1,200, housing will cost you $400, and you'll spend $300 on food If you decide not to take courses

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Suppose you plan to take summer courses. The cost of tuition and textbooks is $1,200, housing will cost you $400, and you'll spend $300 on food. If you decide not to take courses in the summer, you'll live in your parents' house for free and spend only $100 on food. Also, if you don't take courses in the summer, you'll work full time and could earn at least $5,000. What is your opportunity cost of taking courses in the summer? a. b. C. d. $4,000 $1,900 $5,800 $6,800
Transcribed Image Text:Suppose you plan to take summer courses. The cost of tuition and textbooks is $1,200, housing will cost you $400, and you'll spend $300 on food. If you decide not to take courses in the summer, you'll live in your parents' house for free and spend only $100 on food. Also, if you don't take courses in the summer, you'll work full time and could earn at least $5,000. What is your opportunity cost of taking courses in the summer? a. b. C. d. $4,000 $1,900 $5,800 $6,800
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