Consider frank'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. given this information, frank's cost of going to college is

$42,600

Explanation:

Frank's economic cost of going to college includes:

Frank's economic cost of going to college = total accounting costs + net opportunity costs = $33,800 + $8,800 = $42,600  

Franks cost of going to college is $42,600.  

Explanation: Franks total cost of going to college will include his tuition fees, the money he spends on room and books as well his opportunity cost of going to college. Opportunity cost of going to college is the lost income that he could have earned by working.  

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