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Yakvenalex [24]
2 years ago
5

Consider Miray's decision to go to college. If she goes to college, she will spend $24,000 on tuition, $12,000 on room and board

, and $1,900 on books. If she does not go to college, she will earn $16,000 working in a store and spend $8,000 on room and board. Miray's cost of going to college is Group of answer choices $37,900. $45,900. $53,900. $61,900.
Business
1 answer:
Komok [63]2 years ago
5 0

Answer:

Total cost of going to college= $45,900

Explanation:

<u>We need to consider the opportunity cost of not working and earning a salary. Of room and board, we will take into account the incremental difference.</u>

Tuituion= $24,000

Room and board= 12,000 - 8,000= $4,000

Books= $1,900

Salary= $16,000

Total cost of going to college= $45,900

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