The opportunity cost of going to university is:

Question

Quizplus · Accepted Answer

The opportunity cost of going to university is the value of the best opportunity a student gives up to attend university. This means that the student has to sacrifice something else in order to attend university and that sacrifice has a value. Therefore, the correct choice is C. Option A is incorrect because it lists the actual expenses of attending university, not the opportunity cost. Option B is incorrect because even if someone else is paying the expenses, the student is still sacrificing their time and energy that could be used in other ways. Option D is incorrect because while a university education may lead to a higher income, there are still potential opportunities that the student is giving up in order to attend university.

The Opportunity Cost of Going to University Is