Unformatted text preview: earnings: $0 Cost of Staying Home & Working tuition: $0 r & b: $10 k earnings: $30k Opportunity Cost of college: Tuition: $3k r & b: 2k (12-10) earnings: $30k Opp. Cost = $35k Benefits of going to college outweigh the opportunity costs. Marginal benefit > marginal cost then you will do it...
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This note was uploaded on 09/29/2009 for the course ECON 101 taught by Professor Balaban during the Spring '07 term at UNC.
- Spring '07
- Game Theory