You have been going to school and working 10 hours a week. The school offers you a scholarship worth $1,500 per quarter because of your excellent performance. In order to get the scholarship, you have to go to school full time, which means you would have to quit your job. What is your opportunity cost if you make $10 per hour? (Answer in terms of both time and money.) If you get paid $10 an hour and a quarter lasts 11 weeks what would you choose? Why? Your work offers you $15 an hour in order to prevent you from quitting. What would you choose? Why?

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Q: opportunity costs

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