Multiple Choice
Attending college involves many explicit and implicit costs.Which of the following best describes the opportunity cost of attending college?
A) It is entirely monetary and consists of expenditures on tuition, books, transportation, and meals.
B) It is NOT monetary, but consists solely of forgone income.
C) It is the most valued alternative given up to attend college.
D) It is negligible for most people, because they really have no choice but to attend college.
Correct Answer:
Verified
Correct Answer:
Verified
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