The opportunity cost of attending college:
A) depends on the course that an individual is enrolled in.
B) is impossible to measure in dollar terms.
C) can never be greater than the direct costs of going to college.
D) is the most valuable alternative sacrificed in order to attend college.

Question

Quizplus · Accepted Answer

The opportunity cost is defined as the value of the next best alternative that is foregone when a decision is made. In the context of attending college, it refers to what one sacrifices, such as potential earnings from working instead of studying.

The Opportunity Cost of Attending College