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A student decides to take up a two year apprenticeship for which she will earn $10000 per year. After that she expects to earn $25000 per year. She could take an unskilled job which pays $16 000 per year instead of the apprenticeship. What is the opportunity cost in the two years of completing the apprenticeship?

a. $10 000
b. $12 000
c. $25 000
d. $32 000

Sagot :

tysonoahu
The answer is B $12,000 because in two years of work she will have made $20,000 at the apprenticeship and $32,000 at the unskilled job.
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