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lectur8-page19 - Tuition and fees and books are costs of...

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THE "TRUE COST" OF GOING TO SCHOOL 4. The "true" cost of going to school one year: a. Tuition fees = $ 2,414.00 Books = $ 600.00 Opportunity cost = $ TOTAL = $ Since room, board and recreation are not really costs of going to school, the true cost of going to school, or the economic cost of going to school includes tuition and fees, books, and the opportunity cost (after tax lost wages).
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Unformatted text preview: Tuition and fees and books are costs of going to school because if you dont go to school, you do not incur those costs. Add em up. Most of you will find that the true cost of going to school exceeds the accounting cost of going to school, and that the opportunity cost of going to school is the largest cost of all....
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