What would be opportunity cost of john going to university

Reference no: EM133439714

Case Study: John has decided to move to Melbourne and study full time at Swinburne. The cost of tuition and textbooks totals $20,000 a year, and John will have to pay $10,000 for accommodation. Should John decide not to study, he would have two other options. He could stay home with his parents (rent-free), work for the family business and earn $40,000 a year. Else he could move to Sydney, work in a friend's start-up company and make $50,000. Rent in Sydney will cost him $15,000.

Question: What would be the opportunity cost of John going to university? Please include your calculations.

Reference no: EM133439714

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