Economic Analysis of Social Issues 1st Edition by Alan Grant

Exercise 23

You are deciding where to study abroad-England or Spain. A year's study in England costs $15,000, and a year's study in Spain costs $20,000. You estimate that the benefits of studying in England are $30,000, and the benefits of studying in Spain are $36,000. Based on those numbers, you should __________.
A) Study in England because it is cheaper
B) Study in Spain because it creates greater benefit
C) Study in Spain because it creates the greater net benefit
D) Study in England because it creates the greater net benefit