The opportunity cost of going to college or university for four years is
A)equal to the wage rate a person will earn after graduation.
B)the least valued alternative one forfeits to attend.
C)the cost of tuition and books and four years of lost wages from employment.
D)the cost of tuition,residence fees and books.
E)zero.

Question

Quizplus · Accepted Answer

The opportunity cost of attending college includes both the direct costs (tuition, books) and the indirect costs (lost wages from not working during those years).

The Opportunity Cost of Going to College or University for Four