After graduating from high school,Ron Willis plans to go to college.The college tuition is $15,000 a year.But,instead of going to college,Ron could take a full-time job paying $20,000.If Ron decides to go to college,what is his opportunity cost for attending for one year?
A) $5,000
B) $15,000
C) $20,000
D) $35,000

Question

Quizplus · Accepted Answer

The opportunity cost of attending college is the sum of the tuition cost ($15,000) and the foregone salary from not working ($20,000), totaling $35,000.

After Graduating from High School,Ron Willis Plans to Go to College.The