Use the following diagram to answer the following questions.
Note that HH represents lifetime earnings with a high school education and CC represents lifetime earning with a college education.

-Refer to Education. The total cost of attending college is represented by area:

Question

Use the following diagram to answer the following questions.
Note that HH represents lifetime earnings with a high school education and CC represents lifetime earning with a college education.
 
-Refer to Education. The total cost of attending college is represented by area:

Quizplus · Accepted Answer

The total cost of attending college is represented by the sum of E and T, so the correct answer is C. Area B represents the opportunity cost of attending college, while areas A and D represent the benefits (in terms of earnings potential) of attending college compared to just completing high school. Therefore, the best choice would be to attend college as the lifetime earnings with a college education (CC) are significantly higher than with just a high school education (HH).

Use the Following Diagram to Answer the Following Questions