Question 1
2 pts
(Check your book for an explanation of double counting costs) Consider Pablo's decision 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. Pablo's cost of
going to college is
$33,800.
$42,600.
$49,800.
$57,000.