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 is $15,000.Jones sends her children to a public school on her side of town.Tuition per student per year is $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 textbook,

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 homes that are priced the same.
D) Smith lives in a larger home than Jones.
E) none of the above