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Economics
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19 Dec 2017

7) Which one of the following is a part of the opportunity cost of attending college for an individual who lives on their own? A) cost of clothing B) cost of transportation C) cost of renting movies D) cost of tuition E) cost of meals

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19 Dec 2017
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Related questions

1. Which one of the following is not a part of the opportunity cost of attending college? A) Cost of tuition. B) Cost of textbooks. C) Cost of meals. D) Income that could have been earned by working. E) All of the above.

Your opportunity cost of attending college is:

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 college,

c) Zero for students who are fortunate enough to have all of their college expenses paid by someone else,

d) Zero, since a college education will allow a student to earn a larger income after graduation.

Which of the following activities describes the opportunity cost of attending an economics class?
a. Transportation costs plus the cost of tuition and textbooks for the course.
b. The value of the highest valued alternative that must be forgone because of attending the class.
c. The cost of the gasoline needed to drive a car to campus.
d. The value of the time it takes to get to campus every day.
 
 
 
 
 
 
 

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