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Here Are the Costs of Going to College: Tuition $5,000;

Question 20

Multiple Choice

Here are the costs of going to college: tuition $5,000; books $200; housing $1,000; food $1,000; lost income from work $10,000. Studying and work are equally desirable in your mind. Suppose that you could live at home at no cost to you if you worked, but must live on campus if you go to school. What is the total opportunity cost to you of going to school rather than working? (Food costs the same at school or home.)


A) $16,200
B) $7,200
C) $5,200
D) $15,200

Correct Answer:

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