The opportunity cost of attending college is:_____________
a) tuition and books.
b) travel expenses, tuition, and books.
c) psychic costs of missing your family and friends while in school.
d) lost wages from not working full time.

Opportunity cost refers to the benefits that would be obtained from the next best alternative. It can be measured in monetary terms as well as in non-monetary terms.

In our case, the opportunity cost of attending college is the loss of money income that a person would be earn. All the other costs in the options are consider as the explicit costs such as tuition, books, travelling expenses, psychic costs, etc.

The opportunity cost of attending college is:_____________ a) tuition and books. b) travel expenses, tuition, and books. c) psychic costs of missing your family and friends while in school. d) lost wages from not working full time.

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The opportunity cost of attending college is:_____________
a) tuition and books.
b) travel expenses, tuition, and books.
c) psychic costs of missing your family and friends while in school.
d) lost wages from not working full time.