Hal currently works as the fry guy at Burger Haven but is thinking of quitting his job to attend college full time next semester. Which of the following would be considered an opportunity cost of attending college?
A)the cost of the textbooks
B)the cost of the cola that Hal will consume during class
C)Hal's lost wages at Burger Haven
D)the cost of commuting to the Burger Haven job

Question

Quizplus · Accepted Answer

The opportunity cost of attending college would be the income that Hal would have earned from working at Burger Haven if he had not quit to attend college. This income is lost and cannot be recovered. The other options, such as the cost of textbooks, cola, or commuting, are expenses that Hal will incur regardless of whether he attends college or not. They are not opportunity costs.

Hal Currently Works as the Fry Guy at Burger Haven