What is the opportunity cost of purchasing a college textbook?
A) the price paid at the university bookstore
B) the cost savings from not purchasing a book
C) the prospect of failing homework assignments and quizzes
D) the trade-in value at the end of the semester
E) the cost of the course minus the cost of the textbook

Question

Quizplus · Accepted Answer

The opportunity cost of purchasing a college textbook is the cost savings from not purchasing a book. This means that by purchasing a textbook, you are giving up the opportunity to save that money and use it for something else. Therefore, the best choice is B.

What Is the Opportunity Cost of Purchasing a College Textbook