Which person has the highest opportunity cost of obtaining a college degree (assuming that attending college requires giving up his or her current position)?
A)Bill, who is unemployed.
B)Jane, who is an unwed mother and earns $15,000 a year.
C)Larry, who is a technician in the Navy earning $18,000 a year with free food and housing.
D)Mary, who has a job earning $60,000 a year as a computer programmer.
E)Unable to determine from the data given.

Question

Quizplus · Accepted Answer

Mary currently has a job earning $60,000 a year as a computer programmer, making her opportunity cost for obtaining a college degree the highest out of the given options. The others either do not have a job or earn considerably less than Mary.

Which Person Has the Highest Opportunity Cost of Obtaining a College