What is your opportunity cost for four years of college

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Reference no: EM133494549

Problem

Like a good economist. you calculated the opportunity cost of getting your college degree. Suppose that at your university, you WI" pay $15,000 each year for tuition, $2,000 each year for textbooks, and $8,000 per year for room and boa rd. Before you left for college, your boss atyour high-school job offered you a iob paying $20,000 per year.

Assume that if you decided not to go to college, your parents would not let you live at home.

What is your opportunity cost for four years of college?

Reference no: EM133494549

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