Question

Consider mandy’s decision to go to college. if she goes to college, she will spend $20,000 on tuition, $10,000 on room and board, and $2,000 on books. if she does not go to college, she will earn $18,000 working in a store and spend $8,000 on room and board. mandy’s cost of going to college is

Answer 1

The expense of attending college is $32,000, which covers tuition, room and board, and books. Besides that she also foregoes $10,000 of after room-and-board earnings working in a store. Altogether the cost of going to college is $42,000.