Question

Consider Frank’s decision to go to college. If he goes to college, he will spend $21,000 on tuition, $11,000 on room and board, and $1,800 on books. If he does not go to college, he will earn $16,000 working in a store and spend $7,200 on room and board. Frank’s cost of going to college is

Answer 1

Consider Frank’s decision to go to college. Frank’s cost of going to college is $42,600.

What is the cost?

The term cost refers to the actual money are spend on the manufacturing of the product. The product are manufacture to spend on money are raw material, transportation, wages, salary, and other expenses add. The all expenses are add to identify the cost.

Frank was spend on money to $21,000 on tuition, $11,000 on room and board,  $1,800 on books, 8800 to add the cost. The calculation was ($21,000 + $11,000 + $1,800 +  $8800 ($16,000—$7,200) = 42,600. Frank’s cost of going to college is $42,600.

As a result, Frank’s cost of going to college is $42,600.

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