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Suppose It Would Cost Kathleen $45,000 in Tuition and Fees

Question 69

Essay

Suppose it would cost Kathleen $45,000 in tuition and fees to attend State University. She would give up $52,000 in earnings during her years of college attendance. If Kathleen's lifetime benefits from attending would amount to $278,000, should she consider attending State University?

Correct Answer:

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Kathleen's opportunity cost is the $45,0...

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