Which of the following is an opportunity cost of attending college?
A) the cost of your apartment or dorm
B) the income you could have earned if you didn't attend college
C) the cost of the food that you consume while you are attending college
D) the education you gain from attending college

Question

Quizplus · Accepted Answer

Opportunity cost refers to the benefits an individual, investor, or business misses out on when choosing one alternative over another. In the context of attending college, the opportunity cost is the income you could have earned if you didn't attend college (B), because it represents the foregone alternative of working and earning an income instead of pursuing higher education.

Which of the Following Is an Opportunity Cost of Attending