Question: What is the opportunity cost of college? Determine whether the following costs are opportunity costs or not. Premise 1 Tuition 2 Student fees 3 Transportation

What is the opportunity cost of college? Determine whether the following costs are opportunity costs or not.

Premise 1 Tuition 2 Student fees 3 Transportation 4 Books 5 Salary

Response B =A = Opportunity cost = E Drag and drop to

Premise 1 Tuition 2 Student fees 3 Transportation 4 Books 5 Salary Response B =A = Opportunity cost = E Drag and drop to match = G Opportunity cost Not an opportunity cost Opportunity cost Opportunity cost 6 Insurance 7 Room and board = H = D LL = F Opportunity cost Not an opportunity cost Not an opportunity cost

Step by Step Solution

3.52 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Opportunity cost is the lost of one alternative when ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Related Book