(Solved): ECONOMICS : Dont go for ai it will punish A student has two options: take up a full-time job offe ...

ECONOMICS : Dont go for ai it will punish A student has two options: take up a full-time job offering a salary of ?28000 per year, or enroll in a one-year course that requires ?15000 as tuition fee. The student chooses the course. Calculate the total opportunity cost of this decision. Opportunity cost represents the value of the next best alternative foregone. In this case, the student sacrifices both salary and pays tuition.