Suppose Jill decides to do a one year masters program after she graduates from college. She has calculated that she will have to pay a total of $18000 for the program (tuition, fees, books etc) She is also giving up a job offer she received where she would have been making a yearly salary of $32000. According to what you have learned in class, her Accounting Costs of l. Therefore her total economic costs for attending the masters program is attending the masters program is and her Opportunity Cost is Please enter only numbers, so commas or dollar signs).
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