4. After graduating from high school, Individual K decided to enroll in a four-year university program rather than accept a job which offers $13,000 a year.If the annual tuition fee is $5,600, what is Individual K's annual opportunity cost for attending university? $6,400 $11,200 $18,600 $26,000

4. After graduating from high school, Individual K decided to enroll in a four-year university program rather than accept a job which offers $13,000 a year.If the annual tuition fee is $5,600, what is Individual K's annual opportunity cost for attending university? $6,400 $11,200 $18,600 $26,000

Principles of Microeconomics (MindTap Course List)

8th Edition

ISBN:9781305971493

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: Earnings And Discrimination

Section: Chapter Questions

Problem 5PA

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4. After graduating from high school, Individual K decided to enroll in a four-year university program rather than accept a job
which offers $13,000 a year.If the annual tuition fee is $5,600, what is Individual K's annual opportunity cost for attending
university?
$6,400
$11,200
$18,600
$26,000

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