Economics Opportunity cost???????????????
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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 dduring the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $3000 this semester, then the opportunity cost of attending college this semester is a. 5,600 b. 5,900 c. 10,100 d. 11,600
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Answer:
It would be the tuition, books, and loss of 20 hours of work per week ($4500 = 20*15*15). So... 5000 + 600 + 4500 = $10,100 C. 10,100 The $3000 for rent is a distraction variable; its not a factor since it must be paid regardless of going to college or not.
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