You Currently Work as a Machinist in a Factory

Multiple Choice

You currently work as a machinist in a factory. Your salary is $45,000 per year. You are thinking about quitting your job and going back to college. It will take you two years to obtain your college degree. Tuition and other costs of the education will total $60,000. The $60,000 cost of the education is a(n) :

A) Opportunity cost
B) Differential cost
C) Sunk cost
D) Variable cost