Calculating the total cost of attending college

Reference no: EM132198056

Question: The idea of rational choices is essential to the study of economics. As discussed in the first chapter of almost every text book on microeconomics, a rational decision involves a careful comparison of the additional benefit derived from an activity ("marginal benefit") to the additional cost incurred ("marginal cost"). Your homework problems include a question about calculating the total cost of attending college, including the opportunity cost. Because you are taking an online course, your costs are different than the example in the homework. Take some time and consider the marginal cost and marginal benefit of your decision to continue your education. You may want to search for articles related to college as an investment, and average lifetime earnings. Please share some thoughts and post a link if you find a good article that either supports your position or offers another perspective.

Reference no: EM132198056

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