Carolyn Bates is a junior in college studying economics. She has created a new software application that applies the four principles of economic decision making to any potential decision that a user faces. She is considering leaving school after this academic year to pursue further development of her app. Carolyn should consider all of the following costs when calculating the opportunity costs of leaving college EXCEPT the

Question

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The opportunity cost of leaving college includes potential future benefits that Carolyn would forego by not completing her degree, such as job security (A), memories from senior year (C), and skills from further courses (D), but not the sunk cost of the 90 credit hours already completed (B).

Carolyn Bates Is a Junior in College Studying Economics