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Friday, 10 August 2007

Which of these states one of the opportunity costs of attending college? -

Which of these states one of the opportunity costs of attending college? A. A college education is no guarantee of getting a high-paying job later in life. B. The high cost of tuition requires most students to take college loans. C. Specializing in one area of study limits a person s possible jobs. D. Time spent on schoolwork takes away from the chance to earn money at a job.|::::|D. Opportunity cost refers to what you could have done instead of the opportunity you ve taken. So if you could have made $20,000 per year if you hadn t been in college - then the opportunity cost of going to 4 years is $80,000 in addition to whatever else it cost you to go. Because, you didn t earn the $80,000 that you could have.

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