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.
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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