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Suppose Andrea has a job that pays her $80,000 per year (after taxes). She is considering quitting her job and going to university full time
Suppose Andrea has a job that pays her $80,000 per year (after taxes). She is considering quitting her job and going to university full time for four years. Tuition fees and books will cost $20,000 per year. Living expenses in either situation will cost $30,000 per year. What is the opportunity cost of Andrea's 4-year university degree?
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