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luis is deciding to go to college in the Fall of 2020. As per his calculations, he will have to spend $45,000 on his tuition,
luis is deciding to go to college in the Fall of 2020. As per his calculations, he will have to spend $45,000 on his tuition, $7,500 on room and board, and $3,500 on books and supplies. In addition, he will have to give up his part-time job where he is currently earning $11,000. Also he currently spends $5,500 on room and board. What is Thomas's opportunity cost of going to college?
a.$55,000.
b.$48,000.
c.$57,000.
d.$61,500.
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