In order to get his bachelor's degree, Timothy gave up an offer for a full time job as a bartender. Therefore, Timothy incurred an opportunity cost.

Name: In order to get his bachelor's degree, Timothy gave up an offer for a full time job as a bartender. Therefore, Timothy incurred an opportunity cost.
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Timothy had to give up the full-time job as a bartender in order to pursue his bachelor's degree. The full-time job was the opportunity cost of getting a bachelor's degree.

In Order to Get His Bachelor's Degree, Timothy Gave Up