Question

The opportunity cost of attending college is likely to be highest for a high school graduate _______A. who can immediately take over the family business.B. who has access to student loans.C. who is very intelligent.D. whose family is extremely wealthy.

Answer 1

Answer:

who can immediately take over the family business.

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

For a student who chooses to go to college, his opportunity cost is the opportunity of running the family business he forgoed when he decided to go to college.

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