Attending college is a case where the ________________ exceeds the monetary cost.
A) budget constraint
B) marginal analysis
C) opportunity cost
D) marginal utility

Question

Quizplus · Accepted Answer

The correct term is "opportunity cost," which refers to the cost of what you have to give up in order to choose something else. In the context of attending college, the opportunity cost exceeds the monetary cost because it includes not only the tuition and fees but also the income you forego by not working full-time.

Attending College Is a Case Where the ________________ Exceeds the Monetary