The opportunity cost of attending college includes the cost of
A) the tuition but not the job at which you would otherwise have worked.
B) the highest valued alternative to attending college.
C) the highest valued alternative to attending college plus the cost of tuition.
D) tuition, books, and the lost wages for the hours spent studying.

Question

Quizplus · Accepted Answer

The opportunity cost of attending college includes both the cost of tuition and the value of the next best alternative foregone, which could be the income from a job you would have taken instead of attending college. This encompasses all costs associated with the decision, not just direct expenses like tuition.

The Opportunity Cost of Attending College Includes the Cost of