What Is the Opportunity Cost of Going to College

question 29

Multiple Choice

What is the opportunity cost of going to college?

• A)The cost of attending college minus the money you would have earned
• B)The money you would have earned if you had worked instead plus the cost of attending college
• C)The money spent on shopping and partying
• D)The money you would have earned if you had worked minus the cost of attending college

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Definitions:

Quotient

The result obtained from dividing one number by another.

Rounded

The process of adjusting a number to its nearest value, often to a specified number of decimal places, for ease of reading or reporting.

Median

After organizing a dataset in ascending or descending sequence, the median is identified as the middle point.

Mean

A measure of central tendency representing the central or typical value in a dataset, calculated as the sum divided by the number of data points.