Author Question: The cost of attending college a. is entirely monetary and consists of expenditures on tuition, ... (Read 147 times)

eruditmonkey@yahoo.com · **on:** Jul 1, 2018

The cost of attending college
a. is entirely monetary and consists of expenditures on tuition, books, transportation, and meals
b. is not monetary, but consists solely of forgone income
c. is the most valued alternative given up to attend college
d. is negligible for most people, because they really have no choice but to attend college
e. is the same whether you attend a public or a private college

Question 2

Upon graduating from high school you have a job offer which would provide you with 20,000 in income for the coming year. You have also been accepted to Isaac and Avery college. Tuition for the coming year at I&A college is 15,000 . room and board is 10,000 and you expect that books will cost you 2,000 . What is the opportunity cost of attending I&A college?
a. 37,000
b. 27,000
c. 20,000
d. 32,000
e. 47,000