Answer to Question #159078 in Macroeconomics for b

Question

If the total cost of being a full-time college student for one year came to $17,000, and that student could have earned $20,000 working full time during that same year, then the opportunity cost of the year of college would be:

$3,000.

, Not Selected

Incorrect answer:

$37,000.

$20,000.

, Not Selected

$17,000.

Answer 1

If the total cost of being a full-time college student for one year came to $17,000, and that student could have earned $20,000 working full time during that same year, then the opportunity cost of the year of college would be 17,000 + 20,000 = $37,000.