The opportunity costs of attending college do NOT include
A) food expenditures.
B) the costs of textbooks or eBooks.
C) the forgone wages that could have been earned working.
D) required student activity fees.

Question

Quizplus · Accepted Answer

Opportunity cost refers to the benefits an individual, investor, or business misses out on when choosing one alternative over another. While the costs of textbooks, eBooks, student activity fees, and forgone wages are direct and indirect costs of attending college, food expenditures are not considered an opportunity cost of attending college because they are personal expenses that would likely be incurred whether or not one attends college.

The Opportunity Costs of Attending College Do NOT Include