Desmond is attending university as a full time student this


Desmond is attending university as a full time student this year. Desmond therefore had to give up his full time job in which he earned $25,000 per year. He also had to move away from his parents' home where he was paying $5,000 per year for room and board and is now enrolled in a university residence which costs $12,000 per year. In addition, Desmond must pay tuition of $5,000 and buy text books for $1,000. what is The opportunity cost for Desmond to become a full-time university student.

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Econometrics: Desmond is attending university as a full time student this
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