For each of the following situations, identify the full cost (opportunity cost) involved:
a. Monique quits her $50,000 per-year job as an accountant to become a full-time volunteer at a women’s shelter.
b. The Agrizone Corporation invests $12 million in a new inventory tracking system.
c. Taylor receives $500 from his grandmother for his birthday and uses it all to buy shares of stock in Harley- Davidson, Inc.
d. Hector decides to spend the summer backpacking across Europe after he graduates from Tulane University.
e. After receiving her master’s degree, Molly chooses to enter the doctoral program in Behavioral Science at the University of Texas.
f. Sanjay chooses to use his vacation time to paint the exterior of his house.
g. After a night of karaoke, Tiffany forgets to set her alarm and sleeps through her Calculus final exam.