Complete Question:
For a college student who wishes to calculate the true costs of going to college, the cost of the room and board should be_________
a. Should be counted in full, regardless of the costs of eating and sleeping elsewhere.
b. Should be counted only to the extent that they are more expensive at college than elsewhere.
c Usually exceed the opportunity cost of going to college.
d. Plus the cost of tuition, equals the opportunity cost of going to college.
Answer:
b. Should be counted only to the extent that they are more expensive at college than elsewhere.
Explanation:
For a college student who wishes to calculate the true costs of going to college the cost of the room and board should be counted only to the extent that they are more expensive at collage than elsewhere. Yes, that student must search the area that what cost he or she can get comparability. If the cost somewhere else is less than the campus one, then he must consider it besides considering that factor's worth in terms of distance to the college, quality of that accommodation, facilities available there, peace of mind etc. After considering all of these factor, he or she only need to decide what option could be best for him or her. Sometimes it happen that outside accommodation is much cheaper but you cant not focus and concentrate on your study there, which is the primary purpose.
