You plan to go to school this summer. If you do, you won't be able to take your usual summer job that pays 6,000 for the summer. The cost of tuition is 2,000 and textbooks cost 300 You live with your family, which covers your living expenses of 1,700 What is your opportunity cost of going to school this summer? Your opportunity cost of going to summer school is the goods and services you could have purchased with square

To calculate the opportunity cost of going to school this summer, we need to consider the potential income that would be lost by not taking the summer job, as well as the cost of tuition and textbooks.<br /><br />The opportunity cost of going to school this summer is the goods and services you could have purchased with the money you would have earned from the summer job, which is $6,000, plus the cost of tuition and textbooks, which is $2,300.<br /><br />So, the opportunity cost of going to school this summer is $6,000 + $2,300 = $8,300.<br /><br />Therefore, your opportunity cost of going to summer school is the goods and services you could have purchased with $8,300.