Asked by
Shananie Shimange
on Nov 06, 2024
Verified
Which of the following is an opportunity cost of attending college?
A) the cost of your apartment or dorm
B) the income you could have earned if you didn't attend college
C) the cost of the food that you consume while you are attending college
D) the education you gain from attending college
Opportunity Cost
The cost of forgoing the next best alternative when making a decision, representing the benefits one could have received by taking a different course of action.
Attending College
The act of enrolling and participating in an academic program at a college or university.
- Gain an understanding of the idea of opportunity cost in differing contexts.
- Evaluate the fiscal outcomes associated with choices and investments in education.
Verified Answer
LM
Learning Objectives
- Gain an understanding of the idea of opportunity cost in differing contexts.
- Evaluate the fiscal outcomes associated with choices and investments in education.