The opportunity cost of attending college is
A. the money one spends on college tuition, books, and so forth.
B. the highest valued alternative one forfeits to attend college.
C. the least valued alternative one forfeits to attend college.
D. equal to the salary one will earn when one graduates from college.
Answer:B
The opportunity cost of attending college is
A. the money one spends on college tuition, books, and so forth. B. the highest valued alternative one forfeits to attend college. C. the least valued alternative one forfeits to attend college. D. equal to the salary one will earn when one graduates from college.