Consider Alex's decision to go to college. If he goes to college, he will spend $40036 on tuition, $23511 on room and board, $3060 on books, and $96 in parking and commuting. If he does not go to college, he will earn $70068 working in a store, spend $20783 on room and board, and 78 in parking and commute to work. What is Alex's opportunity cost of going to college? 24226

Consider Alex's decision to go to college. If he goes to college, he will spend $40036 on tuition, $23511 on room and board, $3060 on books, and $96 in parking and commuting. If he does not go to college, he will earn $70068 working in a store, spend $20783 on room and board, and 78 in parking and commute to work. What is Alex's opportunity cost of going to college? 24226

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter2: Scarcity And Opportunity Costs

Section: Chapter Questions

Problem 4E

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