The opportunity cost of going to college is best measured by the
A) cost of room and board
B) cost of tuition
C) cost of room and board plus tuition
D) income forgone by not working, plus tuition
E) income forgone by not working, plus tuition and room and board
Correct Answer:
Verified
Q14: The cost of attending college
A)is entirely monetary
Q15: Opportunity cost is the difference between the
Q16: A rational decision maker engages in an
Q17: Expenses for room and board
A)are opportunity costs
Q18: Suppose you have an hour before your
Q20: Opportunity cost is always measured in dollar
Q21: Comparative advantage is based on opportunity costs.
Q22: The opportunity cost of an activity is
Q23: A test was scheduled for Monday morning,
Q24: The opportunity cost of a particular activity
A)must
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