You recently got laid off from your job. Instead of laying around, you are considering taking a course in photography. The tuition is $1,500. Books and supplies for the course will cost you another $300.
Problem a) How much did it "really" cost you to take this course? Explain.
Problem b) What if you were employed and needed to take 40 hours off from work (where you earn $20/hr) in order to take the class. Would this matter? Would your answer change? WHY or WHY NOT? Explain.