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suppose that before you began your college application process, you were offered a job to work as a floor-trainer at a local fitness center, accompanied by a yearly salary of $30,000 (after taxes). assume however that you decided to turn down this offer and instead attend a year of college. the total monetary cost of the year of college, including tuition, fees, and room and board expenses, is $42,000.
suppose that before you began your college application process, you were offered a job to work as a floor-trainer at a local fitness center, accompanied by a yearly salary of $30,000 (after taxes). assume however that you decided to turn down this offer and instead attend a year of college. the total monetary cost of the year of college, including tuition, fees, and room and board expenses, is $42,000.
Thevalue of a yearof college is more than $70000The person decided to turn down this offer and instead attend a year of collegeThis means that the person has forgone thesalaryfrom working as a floor trainer. This is the opportunity cost of attending the collegeOpportunity cost= $27000Cost of attending college = $43000Total cost = $27000+ $43000= $70000Despite acostof $70000 the person decides to attend the college showing that he values the college More than the salary that he would have earned from workingSo he values thecollegemore than $70000To learn more aboutsalarybrainly.com/question/14371457#SPJ4...
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