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Consider the Following Information Regarding a Person's Decision to Go

Question 102

Multiple Choice

Consider the following information regarding a person's decision to go to college: college tuition is $20,000 per year, room and board is $10,000 per year, and books and materials are $2,000 per year.Suppose that instead of going to college this person could have earned $18,000 working in a store.An economist would calculate the cost of going to college as


A) $20,000.
B) $30,000.
C) $32,000.
D) $50,000.
E) $18,000.

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