With a human capital investment (such as the investment in going to college), the most important cost tends to be

Question

Quizplus · Accepted Answer

The opportunity cost of not working is the most important cost with a human capital investment, as it is the cost of giving up potential earnings during the time spent obtaining education or training. Foregone leisure and books/equipment costs are also factors, but they are generally less significant compared to the potential lost earnings. Taxes may also be a cost, but they are not as central to the investment decision as the opportunity cost of not working.

With a Human Capital Investment (Such as the Investment in Going