Question

What is the non-monetary opportunity cost of attending college? a. Money spent for tuition b. Wages...

What is the non-monetary opportunity cost of attending college?
a. Money spent for tuition
b. Wages that would be earned if getting a job instead of going to college
c. getting a job
For the record, choice c is wrong.

Homework Answers

Answer #1

What is the non monetary opportunity cost of attending college?

Option 'B' is the correct answer " wages that would be earned if getting a job instead of going to college", because we chose to go to college instead of working, our opportunity cost is actually the sum of your college expenses plus the money we could have earned had we chosen not to work.
All other options money spent for tuitions and getting a job is not non monetary opportunity cost of attending college.

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