Answer to Question #282658 in Microeconomics for Faizi

Question

You plan to upgrade your computer skills by taking a training course this summer. If you do, you won’t be able to take your usual job that pays a6,000 for the summer and you won’t be able to live at home for free. The cost of your tuition will be a2,000, equipment a200 and living costs a1,400. What is the opportunity cost of your summer training course?

Answer 1

opportunity cost of your summer training course:

6000-1400=4600