The opportunity cost of a college degree includes the A. goods that a student cannot purchase because of spending on books and tuition and the foregone income that could have been earned while in college. B. the cost of college, the foregone income while in college, and the inability to go to another college. C. the costs of food, housing, books, tuition that a student could have purchased. D. goods that a student cannot purchase because of spending on books, tuition, food, and housing and the foregone income that could have been earned while in college.

Question

Jamison Daniel

Business

25 July, 21:33

The opportunity cost of a college degree includes the A. goods that a student cannot purchase because of spending on books and tuition and the foregone income that could have been earned while in college. B. the cost of college, the foregone income while in college, and the inability to go to another college. C. the costs of food, housing, books, tuition that a student could have purchased. D. goods that a student cannot purchase because of spending on books, tuition, food, and housing and the foregone income that could have been earned while in college.

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Answers (1)

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Morgan Barnes · Answer 1

The correct answer is D) goods that a student cannot purchase because of spending on books, tuition, food, and housing and the foregone income that could have been earned while in college.

Explanation:

The D option is very similar to the A option, but D is more complete because besides the cost of tuition and books, it also includes the cost of housing and food, which are costs that college students must incurr.