our friend Desmond is thinking about taking a year off of college to work. He argues that his opportunity cost of being in school is the money he is losing by not working and since classes are online he is not getting the full benefits from taking classes, Is he correctly applying the concepts of opportunity cost? O We don't have enough information to answer this question unless we know the marginal costs as well. O No, because he is not considering the low tuition rates of attending PCC and that he will save money by not having to drive to campus. O It depends on if he is taking classes at PCC or at an expensive private school. O Yes, because the opportunity cost is what else he would be doing if he wasn't in class and in this case he would be working if he wasn't in school.
Your friend Desmond is thinking about taking a year off of college to work. He argues that his
O We don't have enough information to answer this question unless we know the marginal costs as well.
O No, because he is not considering the low tuition rates of attending PCC and that he will save money by not having to drive to campus.
O It depends on if he is taking classes at PCC or at an expensive private school.
O Yes, because the opportunity cost is what else he would be doing if he wasn't in class and in this case he would be working if he wasn't in school.
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