The Opportunity Cost of Going to University Is

question 124

Multiple Choice

The opportunity cost of going to university is:

• A)the total spent on food, clothing, books, transportation, tuition, lodging and other expenses
• B)zero for students who are fortunate enough to have all of their university expenses paid by someone else
• C)the value of the best opportunity a student gives up to attend university
• D)zero, since a university education will allow a student to earn a higher income after graduation

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Definitions:

Asset Account

Represents tangible and intangible items of value owned by a company, showing up on the balance sheet.