Smith Sends Her Children to a Private School on the Other

Smith sends her children to a private school on the other side of town. Tuition per student per year: $15,000. Jones sends her children to a public school on her side of town. Tuition per student per year: $0. Most people seem to think that the private school and public school are equivalent when it comes to educating students.According to a theory discussed in the text,

A) Smith lives in a more expensive home than Jones.
B) Jones lives in a more expensive home than Smith.
C) Smith and Jones live in the same priced homes.
D) Smith lives in a bigger home than Jones lives in.
E) none of the above