posted by rayne .
Consider the following costs that a student incurs by
attending a public university for one semester: $3,000
for tuition, $1,000 for room and board, $500 for
books and $3,000 in after-tax wages lost that the student
could have earned working. What is the total opportunity
cost that the student incurs by attending college
for one semester?
Your text is yellowing.
Here are current numbers for the University of Texas (Hook'em)
Tuition: $5107 per semester
Room and meals: $5282 per semester
Books, etc.: $450-500 per semester
In order to prvide the best education, the legislature voted to increase college tution for all state colleges; Assume college tution was 1,250 does this act as a price ceiling?