# econ

posted by .

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?

• econ -

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

• econ -

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?

• econ -

Ggy

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