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Economics
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21 Oct 2020

Which of the following is not an example of the opportunity costs of immediately studying in college?

  1. Foregone income

  2. Opportunity to travel freely

  3. Getting a college degree

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Macroeconomics
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Opportunity Cost
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Kristelle Balando
Kristelle BalandoLv10
21 Oct 2020
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Related questions

The classic example of opportunity cost is the costs of going to college. Illustrate the implicit opportunity cost of foregone income as well as tuition, books, etc. Think about whether room and board should be considered a cost of college. Calculate (in $$$) your opportunity costs of going to college.

The classic example of opportunity cost is the costs of going to college. Illustrate the implicit opportunity cost of foregone income as well as tuition, books, etc. Think about whether room and board should be considered a cost of college. Calculate (in $$$) your opportunity costs of going to college. PLEASE GIVE EXAMPLE!! DON'T COPY DEFINITION OUT OF THE BOOK

Define the opportunity cost of getting your degree by analyzing what steps and economic factors a potential student must make when choosing to pursue an education. Given your answer, is getting a formal college education worth your opportunity costs? Why?

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