ECONOMICS
COST BENEFIT ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Direct cost
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Routine costs
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Other people’s expenses
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Monetary Cost
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Indirect Costs
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Detailed explanation-1: -Educational expenses means charges assessed by the student’s institution for instructional and general fees ("tuition"), laboratory fees, books and supplies, room and board, transportation, and other miscellaneous expenses.
Detailed explanation-2: -The fees also differ from class to class. If your child is in primary, you will have to pay comparatively less considering a high school student. On average, parents have to pay Rs 6, 000 for their child in primary school. When the child goes to secondary or senior secondary, this amount rises to Rs 8, 000 and Rs 10, 000.
Detailed explanation-3: -The Social cost of education is sum total of the private and the institutional cost of education. The private cost consists of net tuition costs, non-tuition costs. The institutional costs consists of both the current or operating cost and the capital costs of education borne by the schools, or society .
Detailed explanation-4: -Tuition & Fees. College tuition and fees are the greatest costs of attending college. Books & Supplies. Look into options for buying used books or renting books. Housing/Rent. Most schools offer various options of on-campus housing and dorm rooms. Food. Transportation. Entertainment. Other Expenses.