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Opportunity cost of andrea four year university degree

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Reference no: EM132286858

Suppose andrea has a job that pays her $25000 per year(after taxes). She is considering quitting her job and going to university full time for four years. Tuition fees and books will cost $ 12000 per year. Living expenses in either situation will cost $ 10000 per year. What is the opportunity cost of andrea's four year university degree?

Option of answer..

1. $88000

2. $100,000

3. $ 120,000

4. $ 148,000

5. $ 188,000

Reference no: EM132286858

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