Suppose you paid $500 to take this economics course which meets 30 times for one hour a class. Instead of attending class you could either flip hamburgers for $10 an hour or wait tables for $17 an hour.
a. What is the opportunity cost of attending each class?
b. What is the sunk cost for taking the class?
c. Explain what would happen to your opportunity cost of attending college if you receive a very attractive offer to start a job today that would permit you to earn about 50 percent more than you expected to make after graduation
