The Opportunity Cost of Going to College or University for Four

question 41

Multiple Choice

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

• A)zero.
• B)equal to the wage rate a person will earn after graduation.
• 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)the least valued alternative one forfeits to attend.

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Definitions:

Provided Information

Data or details supplied for a specific purpose, such as analysis, decision-making, or planning.

Price-Earnings Ratio

A financial metric that measures a company's current share price relative to its per-share earnings.

Net Operating Income

A company's income after operating expenses have been deducted, but before interest and taxes.

Market Price Per Share

The current price at which a single share of a company's stock is bought or sold on the market.