Answer to Question #315267 in Microeconomics for yade

Question #315267

Alem quits her administrative job, which pays 40,000 ETB a year, to finish her four-year college degree. Her annual college expenses are 8,000 ETB for tuition, 900 ETB for books, and 2,500 ETB for food. What is her opportunity cost of attending college for the year?

Expert's answer

40,000+8,000+900+2,500=51,400 ETB per year

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