3 Answered Questions for the topic opportunity cost

Opportunity Cost Economics Microeconomics


How do you calculate opportunity cost of attending college when given tuition, books and working time?

If college tuition is $2,000 this semester, books cost $400 and you can only work 10 hours rather than 40 during a 15 week semester, what is your opportunity cost of attending college?
Opportunity Cost


Opportunity Cost problem

Mary is considering a choice between moving to New York City or continuing to live in Princeton, New Jersey. If she moved to New York City, the salary from her new job would be $190,000. Her rent... more
Opportunity Cost


Opportunity Cost problem

Upon graduating from high school, Stewart has a choice of working full-time or attending college full time. College tuition and books cost $10,000 annually. If he went to college, he would have to... more

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