What is the opportunity cost of going to university this

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Question: Suppose you have just finished your high school education and can start full-time work immediately or go to university for further study. You decide to go to university, and your expenses during the term are as follows: tuition fees: $4,600; cost of books and other educational supplies: $500, traveling to university $400, food and personal care $2,500. Further, during the term, you can only work part-time and earn $8,000, instead of $20,000 net income you can earn from full-time work. What is the opportunity cost of going to university this term? Show your workings.

Reference no: EM133428535

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