Like a good economist, you calculated the opportunity cost of getting your college degree. suppose that at your university, you will pay $1 each year for tuition, $2500 each year for textbooks, and $8000 per year for room and board. before you left for college, your boss at your high-school job offered you a job paying $25000 per year. assume that if you decided not to go to college, your parents would not let you live at home. what is your opportunity cost for four years of college?

Pear co.’s income statement for the year ended december 31, as prepared by pear’s controller, reported income before taxes of $125,000. the auditor questioned the following amounts that had been included in income before taxes: equity in earnings of cinn co. $ 40,000 dividends received from cinn 8,000 adjustments to profits of prior years for arithmetical errors in depreciation (35,000) pear owns 40% of cinn’s common stock, and no acquisition differentials are relevant. pear’s december 31 income statement should report income before taxes of