For which of the following individuals would the opportunity cost of going to college be highest?
A)A promising young mathematician who will command a high salary once she earns her college degree
B)A student with average grades who has never held a job
C)A famous, highly paid actor who wants to take time away from show business to finish college and earn a degree
D)A student who is the best player on his college basketball team, but who lacks the skills necessary to play professional basketball

Question

Quizplus · Accepted Answer

The opportunity cost of going to college is highest for the individual who has to give up the most in terms of foregone earnings or opportunities. A famous, highly paid actor would likely forego significant income and opportunities in show business to attend college, making their opportunity cost the highest among the options provided.

For Which of the Following Individuals Would the Opportunity Cost