The opportunity cost of going to school rather than working is the:
A) cost of food and clothing.
B) cost of tuition and housing.
C) cost of getting to and from school.
D) wages which could have been earned.

Question

Quizplus · Accepted Answer

The opportunity cost of going to school rather than working is the wages which could have been earned if one had chosen to work instead. This represents the foregone income that one sacrifices in order to pursue education.

The Opportunity Cost of Going to School Rather Than Working