Suppose you are making a decision on whether to attend a college or work after your high school, and two- year college education costs are given as follows( costs per year): Tution- $6,500 Books and school supplies- $1,500 Room and board- $12,000 Transportation- $2,400 Other miscellaneous- $2,000 If you decide to work , then a labour market shows that you could earn $20,000 per year. If you decide to study, what would be the opportunity cost of your study? 2. Dr. Rogers is travelling from toronto to montreal. If he travels by plane, the air fare would be 480 dollars and it takes 1 hour. If he travels by bus it takes 8 hours and would cost 150 dollars. If Dr. rogers works instead of travelling, he would earn 60 dollars and hour. What is the opportunity cost for Dr.rogers of travelling by plane and by bus