After graduating from high school, Adam is thinking about going to college. The college tuition is $15,000 a year. Instead of going to college, Adam could take a full-time job that pays $25,000. What is Adam's opportunity cost of attending college for one year?
A) $10,000
B) $15,000
C) $25,000
D) $40,000

Question

Quizplus · Accepted Answer

Adam's opportunity cost includes both the tuition cost ($15,000) and the foregone salary from not working ($25,000), totaling $40,000.

After Graduating from High School, Adam Is Thinking About Going