Answer to Question #293218 in Microeconomics for saeed

Question

What is the opportunity cost of doing a bachelor degree in business in a university?

Explain no more than 50 words.

Answer 1

The opportunity cost is the sum of university expenses for the bachelor's degree in business plus the money that could have been earned if an individual could have chosen to work during that time.

Opportunity cost = sum of college expenses + total money earned.