An economic explanation as to why individuals such as Bill Gates and LeBron James don't finish college is that
A) The sunk cost of college is very high for them
B) The opportunity cost of college is very high for them
C) The benefits of additional college exceed the costs of additional college for them
D) The decision not to finish college is irrational

Question

Quizplus · Accepted Answer

The opportunity cost of college, which includes the income that could have been earned during the time spent in college, is likely very high for individuals like Bill Gates and LeBron James who have successful careers before completing their degree programs. They may weigh the benefits of finishing college against the potential income they could earn by pursuing their careers without a degree and choose the latter.

An Economic Explanation as to Why Individuals Such as Bill