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Mike is considering whether to attend college. The tuition at the college of his choice is $20,000 per year and if Mike enrolls, he'll give up his job that pays $16,000 per year. All else constant, what is the opportunity cost to Mike of attending college?

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Mike is considering whether to attend college. The tuition at the college of his choice is $20,000 per year and if Mike enrolls, he'll give up his job that pays $16,000 per year. All else constant, what is the opportunity cost to Mike of attending college?






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