Timothy quits his job that pays $60,000 a year, to enrollin a 2 year graduate programme. His anual shool expenses are $60,000 fir tuition, $8000 for books and $1400 for food. What is his opportunity cost for attending the programme?
Timothy quits his job that pays $60,000 a year, to enrollin a 2 year graduate programme. His anual shool expenses are $60,000 fir tuition, $8000 for books and $1400 for food. What is his opportunity cost for attending the programme?
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter15: The Shortcomings Of Free Markets
Section: Chapter Questions
Problem 1TY
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Timothy quits his job that pays $60,000 a year, to enrollin a 2 year graduate programme. His anual shool expenses are $60,000 fir tuition, $8000 for books and $1400 for food.
What is his
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