What Is the Opportunity Cost of Going to University

question 60

Multiple Choice

What is the opportunity cost of going to university?

• A) the total spent on food, clothing, books, transportation, tuition, lodging, and other expenses
• B) the value of the best opportunity a student gives up to attend university
• C) zero, for students who are fortunate enough to attend on a scholarship
• D) zero, because a college education will allow a student to earn a larger income after graduation

---

Definitions:

Compensatory Damage

Financial compensation awarded to a plaintiff to cover actual losses, expenses, and suffering resulting from the defendant's action or negligence.

Courts

Judicial systems responsible for interpreting and applying the law in legal cases.

Utility Patent

is a legal document that grants exclusive rights to an inventor for a new, useful, and non-obvious process, machine, manufacture, or composition of matter.

Prototype

An early sample, model, or release of a product built to test a concept or process.