Mary is an 18-year-old high school graduate who can take a job paying $30,000 without further education. The prevailing interest rate is 10 percent.
-The opportunity cost of obtaining human capital is:
A) the estimate of the increase in salary that results from the acquisition of skills.
B) the direct cost of books, supplies, and tuition fees.
C) the income foregone while acquiring it.
D) the job experience lost while attending school.
Correct Answer:
Verified
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