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20 March, 01:04

Suppose you get a college scholarship that will pay all of your tuition. the college education will increase your income by $500,000 over your lifetime. your other alternative is to work in a job after high school that pays $35,000 per year. in both scenarios, room and board cost you $20,000 per year. when you compare the opportunity costs of the two activities, the opportunity cost of college is:

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