The Opportunity Cost of Going to College or University for Four

question 85

Multiple Choice

The opportunity cost of going to college or university for four years is

• A)equal to the wage rate a person will earn after graduation.
• B)the least valued alternative one forfeits to attend.
• C)the cost of tuition and books and four years of lost wages from employment.
• D)the cost of tuition,residence fees and books.
• E)zero.

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Definitions:

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