Answer to Question #133493 in Macroeconomics for Feiben

Question

2. Your options after high school boil down to two:

• Work in a movie theater for $18,000 per year.
• Go to college. Tuitions, fees, and books at college cost $20,000 per year.

You decide to go to college. What is the economic cost (full opportunity cost) of that decision?

Answer 1

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