Question

Frank decides to go to college. If he goes to college, he will spend $21,000 on tuition, $11,000 on
room and board, and $1,800 on books. If he does not go to college, he will earn $16,000 working in a
store and spend $7,200 on room and board. How much is the opportunity cost of going to college for
Frank?

Answer 1

Answer:

if he goes to college he will spend $50, 000 and if he don't goes to college he gets $16,000 in which he spents $7, 200 on room and board so he saves $8,800