Of the following individuals, who bears the highest opportunity cost of going to college?
A)A pro-football player earning $2 million a year
B)A high school graduate without a job
C)A high school dropout earning the minimum wage in a fast-food restaurant
D)A teenager who attends college and also works on campus
E)A retiree

Question

Quizplus · Accepted Answer

The opportunity cost is the value of the best alternative that must be foregone in order to pursue a certain action or decision. In this case, the pro-football player earning $2 million a year has the highest opportunity cost of going to college because they would need to give up potentially millions of dollars in earnings while attending college.

Of the Following Individuals, Who Bears the Highest Opportunity Cost