The cost of attending college
A)is entirely monetary and consists of expenditures on tuition, books, transportation, and meals
B)is not monetary, but consists solely of forgone income
C)is the most valued alternative given up to attend college
D)is negligible for most people, because they really have no choice but to attend college
E)is the same whether you attend a public or a private college

Question

Quizplus · Accepted Answer

The cost of attending college is not only the monetary expenses such as tuition, books, transportation, and meals but also includes the opportunity cost of the most valued alternative given up to attend college, which could be working and earning an income. Therefore, option C is the correct answer.

The Cost of Attending College