Question

Adam is deciding which of two universities in Boston he should attend. One university is offering him a full-tuition scholarship. The other university is ranked higher but is offering him only a partial-tuition scholarship. What will increase Adam's opportunity cost of attending the higher-ranking university? O an increase in the cost of living in Boston O a decrease in the cost of living in Boston o the lower-ranking university's increasing the offer to include fees and books O an acceptance to another university

Answer 1

Answer
Option 3
Opportunity cost is the benefit of the best alternative available
ow, the opportunity cost of the decision of joining higher ranking universities is the benefits in the lower-ranking university so the increase in the funding to the books and other things from the university increases the opportunity cost of joining the higher-ranking universities.