Question
Wolfgang is living with his parents in LA, and he is considering spending a month in his ancestral Berlin for the summer. He calculated that
Wolfgang is living with his parents in LA, and he is considering spending a month in his ancestral Berlin for the summer. He calculated that it would cost him $2,000 for travel (in total) and $3,000 for renting an apartment in Berlin. His other expenditures such as food and entertainment amount to $1,000, and these would be the same in LA and Berlin. Wolfgang has also been offered a Research Assistant position for the same month that would require him to stay in LA, and for which he would be paid $1,800. What is his total economic cost of going to Berlin?
Group of answer choices
$6,800
$5,000
$1,000
$7,800
$1,800
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