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Suppose Your Expenses for This Term Are as Follows: Tuition

question 69

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Suppose your expenses for this term are as follows: tuition: $12,000, room and board: $6,500, books and other educational supplies: $1,500.Further, during the term, you can only work part-time and earn $3,500 instead of your full-time salary of $14,000.What is the opportunity cost of going to college this term, assuming that your room and board expenses would be the same even if you did not go to college?


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Guidance provided by a qualified lawyer or legal expert regarding the legal implications or consequences of a situation or decision.

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An organization under the government that carries out specific functions or services according to statutory authority.

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An organization that provides free legal services to people who cannot afford to hire a lawyer for their legal issues.

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The federal executive department responsible for the enforcement of the law and administration of justice in the United States.

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