Question

Which of these would be an opportunity cost of going to college?

A) the cost of housing and food
B) the cost of books and tuition
C) the degree and the money you will earn
D) the money you could have earned at a job

Answer 1

The answer is D. Because you chose to go to college instead of working, your opportunity cost is actually the sum of your college expenses plus the money you could have earned had you chosen not to work.