What is included in the opportunity cost of going to college?
A) both tuition and the value of the student's time
B) tuition, but not the value of the student's time, which is a cash cost
C) tuition, but not the value of the student's time, which is a monetary cost
D) neither tuition nor the value of the student's time, since obtaining a college degree makes one's income higher in the future

Question

Quizplus · Accepted Answer

The opportunity cost of going to college includes both the tuition fees paid and the value of the student's time, as the student could have been working or pursuing other opportunities during the time spent studying in college.

What Is Included in the Opportunity Cost of Going to College