Question

The opportunity cost of attending college is likely higher for a high-school graduate who leaves a job grilling hamburgers than it is for a high-school dropout who leaves a job working as a computer network administrator.

Answer 1

The opportunity cost of any choice is the cost incurred by not taking the benefit of alternative choice which is not taken. So the opportunity cost of attending college for a high School graduate who leaves a job grilling hamburgers is the income he earned by grilling hamburgers. The opportunity cost for a high-school dropout who leaves a job working as a computer network administrator is the income he earned in a job working as a computer network administrator. As he is a high school dropout he needs to become a high school graduate for attending college. Again income in a job working as a computer network administrator is expected to be more than an income earned in a job of grilling hamburgers. So here the opportunity cost of high school dropout seems to be more than the opportunity cost of high school graduate.

So the statement is False.