The opportunity cost of going to college isGroup of answer choicesThe total spent on food, clothing, books, transportation, tuition, lodging, and other expenses.The value of the best opportunity a student gives up for going to college.Zero for students who are fortunate enough to have all of their college expenses paid by someone else.Zero, since a college education will allow a student to earn a larger income after graduation.

he opportunity cost of going to college isGroup of answer choicesthe total spent on food, clothing, books, transportation, tuition, lodging, and other expenses.the value of the best opportunity a student gives up when going to collegezero for students who are fortunate enough to have all of their college expenses paid by someone else.zero, since a college education will allow a student to earn a larger income after graduation. Flag question: Question 21Question 21Tips3 ptsConsider Mandy’s decision to go to college. If she goes to college, she will spend $20,000 on tuition, $10,000 on room and board, and $2,000 on books. If she does not go to college, she will earn $18,000 working in a store and spend $8,000 on room and board. Mandy’s cost of going to college isGroup of answer choices$32,000.$42,000.$50,000.$58,000.

Select the correct answer.Read this summary:College costs include a variety of fees and items, which is why it’s important to learn how to manage them. It helps to first understand your potential college costs by adding up how much tuition you will pay, how much your housing will cost, and other personal expenses. Creating and following a budget will also help control your college costs. Many colleges and communities also offer employment opportunities so that students can earn money. In addition, there are a variety of methods to help pay for your college education, including federal student aid, state student aid, student loans, and even nonprofit or private companies.What is the main idea of this summary? A. learning how to calculate the cost of college education B. clarifying the role of a budget in controlling the cost of college education C. listing the choices available to help students finance their college education D. understanding how to manage the expense of college education E. listing the most and least expensive college education options

After graduating from high school, Maria chose to go to college, while Omar chose to work full- time. Which of the following best describes the opportunity costs for these decisions? aMaria’s opportunity cost includes the salary she could have earned if she had gone to work. bMaria’s opportunity cost is her living expenses while attending college. cOmar’s opportunity cost is the salary he will earn from working. dOmar’s opportunity cost is the tuition and expenses he would have paid for college. eOmar’s opportunity cost is definitely greater than Maria’s.

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?Group of answer choices$13,500$20,000$24,000$30,500

The cost of school can vary based on the type of institution, in-state or out-of-state tuition, living on or off campus, and more. You probably considered these costs before choosing an institution to attend. You may even continue to evaluate these costs term to term or year to year. How are you paying for the majority of the costs of attending college? The costs are being paid mostly with loans. The costs are being paid mostly out-of-pocket or with grants and scholarships.