Question

8) 8) When asked in an interview what she missed the most because of the time she spent training for the Olympics, a rower, who lived on her own, answered "a normal social life." She also revealed that she had given up a job that paid $30 000 per year to train full-time. She received a grant of $8 000 per year from Sport Canada, but this failed to cover all her training expenses. Her food and rent were $5 000 per year and training expenses were $12 000 per year. Aside from the value of a normal social life, what is the annual opportunity cost, expressed in dollars, to this rower of "Going for Gold"? A) $25 000 B ) $4000 $34 000D ) $39 000 E) $30 000