Consider Frank’s decision to go to college. If he goes to college, he will spend $21,000 on tuition, $11,000 on room and board, and $1,800 on books. If he does not go to college, he will earn $16,000 working in a store and spend $7,200 on room and board. Frank’s cost of going to college is
A: $33,800.
B: $42,600.
C: $49,800.
D: $57,000.
A: $33,800.
B: $42,600.
C: $49,800.
D: $57,000.
举一反三
- Suppose that your tuition to attend college is $10,000 per year and you spend $4,000 per year on room and board. If you were working full time instead of attending college, you could earn $20,000 per year. What is your opportunity cost of attending college for one year?
- For most students, the earnings they give up to attend college are A: a minor cost when compared to the costs of tuition, room and board, and the like. B: the single largest cost of their education. C: about equal to the costs of room and board at college. D: not considered true costs by an economist.
- If a student’s family is not rich, he has to "earn" money for part of his college expenses.
- He basically has two ________: he can go to college and play football, or find a job to support his family.
- when he left school, he ____to go to college and study for a degree, rather than getting a job straight away.