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Explicit and implicit costs of college

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    Assignment ID: FG133134272

    You and your friend, Alexis, are both going to college. You are taking out loans, while Alexis’s father is paying her tuition. You are working a flexible job, which pays you $18 an hour, and lets you choose your own hours, while Alexis lost her job during the pandemic.

    a) What are the explicit and implicit costs of college for you? Explain.

    b) What are the explicit and implicit costs of college for Alexis? Explain. c) Who is facing higher costs of college, you or Alexis? Explain why

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