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Expert Solution

opportunity cost = value of benefit forgone by choosing an alternative

=> opportunity cost of going to university = value of benefit forgone by not being a full-time worker

= (salary as full-time employee - salary as part-time worker)

= 200000 - 70000

= 130000

Over the course of 4 years = 4*130000 = P520000

Rahul Sunny answered 2 years ago

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