Komal paid $800 for a night school class. She can still get a 75% refund of $600. The opportunity cost of dropping out of school includes the $200 in tuition that she can't get back.

Question

Quizplus · Accepted Answer

The opportunity cost should include the full $800 that she paid, not just the portion that she can't get back. So the opportunity cost of dropping out of school would be $800, not $200.

Komal Paid $800 for a Night School Class