Margo spends $10,000 on one year's college tuition. The opportunity cost of spending one year in college for Margo is:
A)$10,000.
B)whatever she would have purchased with the $10,000 instead.
C)whatever she would have earned had she not been in college.
D)whatever she would have purchased with the $10,000 plus whatever she would have earned had she not been in college.

Question

Quizplus · Accepted Answer

The opportunity cost includes both the money spent on tuition and the income she foregoes by not working.

Margo Spends $10,000 on One Year's College Tuition