Jamie and Danny both attend the same college and incur the same expenses for tuition books and school supplies. Jamie gave up a lucrative modeling job in Paris to attend school full-time and Danny gave up a part-time job as a sales clerk in a department store. It follows that:a. the opportunity cost of attending college is the same for both since they are enrolled at the same academic institution. b. the opportunity cost of attending college is likely greater for Jamie than for Danny. c. the opportunity cost of attending college is likely greater for Danny than for Jamie. d. the opportunity cost is minimal for both since college graduates are paid much higher than high school graduates on average.

Question

Makhi Trujillo

Business

8 August, 07:49

Jamie and Danny both attend the same college and incur the same expenses for tuition books and school supplies. Jamie gave up a lucrative modeling job in Paris to attend school full-time and Danny gave up a part-time job as a sales clerk in a department store. It follows that:a. the opportunity cost of attending college is the same for both since they are enrolled at the same academic institution. b. the opportunity cost of attending college is likely greater for Jamie than for Danny. c. the opportunity cost of attending college is likely greater for Danny than for Jamie. d. the opportunity cost is minimal for both since college graduates are paid much higher than high school graduates on average.

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Answers (1)

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Tyshawn Ashley · Answer 1

The correct answer is option b.

Explanation:

Jamie and Danny both attend the same college and incur the same expenses for tuition books and school supplies.

Jamie was doing a modeling job before joining college, while Danny was working as a sales clerk in a department store.

Jamie was likely getting better pay than Danny, so the opportunity cost of attending college will be greater for Jamie. This is because Jamie is sacrificing higher pay as compared to Danny.