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Joe is a student at Great Big University. His tuition is $22,000 a year. He spends $3,300 per year on books and $1,500 per year
Joe is a student at Great Big University. His tuition is $22,000 a year. He spends $3,300 per year on books and $1,500 per year on university fees. If he did not go to college for four years, he would have been able to earn $18 an hour by working full time. By going to college, Joe would earn $25 more per hour in salary over his career (30 years). ) What are Joe's direct and indirect costs of going to college? b) What is Joe's benefit from going to college? c) What is the net benefit of going to college? And based on this, should he go to college
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