The opportunity cost of going to college is

a. the total spent on food, clothing, books, transportation, tuition and other expenses.
b. zero for students who are fortunate enough to have all their college expenses paid by someone.
c. the value of the next best opportunity a student gives up to attend college.
d. zero, since a college education will allow a student to earn a larger income after graduation.
e. infinite, because there's no way you can ever get your time back.


c. the value of the next best opportunity a student gives up to attend college.

Economics

You might also like to view...

Which of the following is NOT a reason for the weak recovery following the 2007-2009 recession?

A) Recessions started by financial crises are almost always severe. B) The decline in the automobile industry appeared to be structural. C) The collapse of the housing market was long lived. D) The recession was caused by a decline in short-run aggregate supply.

Economics

_________ is the study of the characteristics of human populations

a. Demography b. Geography c. Paleontology d. Gerontology

Economics

Both a defendant and plaintiff believe there is a 30 percent chance that the plaintiff will win $150,000 and a 70 percent chance that the plaintiff will lose and be awarded nothing (zero). If the plaintiff's litigation cost is $30,000 and the defendant's litigation cost is $40,000, the defendant would be willing to pay any amount up to ________ to settle and the plaintiff would be willing to

accept any amount greater than ________ to settle. A) $80,000; $20,000 B) $20,000; $80,000 C) $85,000; $15,000 D) $15,000; $85,000

Economics

Which of the following groups did Clinton target after his stimulus package failed in 1993?

a. High-income households b. Low-income households c. Foreign investors d. Only industrial workers e. Households with the lowest MPC

Economics