The opportunity cost of attending college
A)is zero because the return is always positive.
B)includes the skills earned from attending college.
C)is the living expenses,which are the same whether the students attend college or not.
D)includes the lost wages that would have been earned if the student had not attended college.
E)includes the scholarships for attending college.

Question

Quizplus · Accepted Answer

The opportunity cost of attending college includes the lost wages that would have been earned if the student had not attended college, as they are giving up the opportunity to work during that time. While attending college also provides skills and a positive return, the lost wages should be considered as part of the opportunity cost.

The Opportunity Cost of Attending College