Economics (MindTap Course List)
Solutions
Economics (MindTap Course List)
Discuss the opportunity costs of attending college for four years. Is college more or less costly than you thought it was? Explain.
Opportunity cost of attending college for four years.
The opportunity cost will vary. The opportunity costs the student faces for studying college are cost of tuition fees and other relevant costs. For example, the total cost needed for studying in college is $25,000 in a year; the opportunity cost is one in which the student uses for other purposes, and he could have used the time period for relaxing or work instead of spending time for studying...
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