Suppose that Ryerson University’s tuition is $7,000. The cost of textbooks is $1,000, and the cost of food & housing is
Posted: Thu May 19, 2022 8:16 am
Suppose that Ryerson University’s tuition is $7,000. The
cost of textbooks is $1,000, and the cost of food & housing is
$19,000. If you did not go to Ryerson University, you would
have worked as a server, making $50,000 per year. What is your
opportunity cost of attending Ryerson University?
(A) $27,000.
(B) $77,000.
(C) $58,000.
(D) $50,000.
cost of textbooks is $1,000, and the cost of food & housing is
$19,000. If you did not go to Ryerson University, you would
have worked as a server, making $50,000 per year. What is your
opportunity cost of attending Ryerson University?
(A) $27,000.
(B) $77,000.
(C) $58,000.
(D) $50,000.