Question

Suppose you plan to take summer courses. The cost of tuition and

Answer 1

Answer:

$5800

Explanation:

The income that would be earned if the summer courses were not taken is $5000 while we spend only $100 on food.

Besides, by taking the summer courses costs to be incurred is computed thus:

costs of summer courses=$1,200+$400+$300=$1900

By taking the summer courses one would earn $1000

In short, the opportunity of taking the summer courses is the earnings of -$5000 forgone plus the cost of $100 saved, plus the $1000 earned minus the $1900 spent on summer courses

i.e -$5000+$100+$1000-$1900=-$5800