The opportunity cost of attending university is likely to include all except which of the following?...
- The opportunity cost of attending university is likely to include all except which of the following?
A. the cost of haircuts received during the school term
B. the income you forgo in order to attend classes
C. tuition fees
D. the cost of required textbooks
Homework Answers
ANswer
Option A
A. the cost of haircuts received during the school term
An opportunity cost is the foregone benefit of an activity.
The cost of a haircut is received even if there is on the job or business or at any activity so it is not the opportunity cost.
The income form job and interest income earned on the tuition fees and textbook expenses is the opportunity cost of attending school.
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