Kayden decided to attend college and gain a degree in accounting. He is now starting his...

  

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Kayden decided to attend college and gain a degree in accounting. He is now starting his degree. The yearly cost of tuition is $10,000 and he left his auto mechanic shop management job giving up a $32,000 a year to attend college. Kayden's decision resulted in an opportunity cost to attend college of $22,000 per year. paying $10,000 in opportunity cost per year to attend college. an opportunity cost to attend college of $42,000 per year. Kayden decided to attend college and gain a degree in accounting. He is now starting his degree. The yearly cost of tuition is $10,000 and he left his auto mechanic shop management job giving up a $32,000 a year to attend college. Kayden's decision resulted in an opportunity cost to attend college of $22,000 per year. paying $10,000 in opportunity cost per year to attend college. an opportunity cost to attend college of $42,000 per year.

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Answer The opportunity cost is the value of the next best alternative that is sacrificed when a ... View the full answer