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QUESTION 9 / 10
The opportunity cost of earning an advanced college degree is that:
A. You will earn less money during the years that you are
in college
B. There may be a low supply of jobs in your professional
field
C. Some fields require a professional degree before you
can begin working
D. You will earn more income during your career.

Respuesta :

A. Opportunity cost is “the loss of potential gain from other alternatives when one alternative is chosen.” What you are losing is the chance for more money.

The opportunity cost is that the person will earn less money during the years that you are in college"

  • Opportunity cost has to do with one forgoes when one makes a different choice. For example, if there's a choice between going to school and playing football, and the person goes to school, the opportunity cost is the fun that one will have enjoyed while playing football.

  • The opportunity cost of earning the advanced college degree will be that the person will earn less money during the years that you are in college. When the person is in college, the person won't be able to take up certain jobs that'll provide money to him or her.

In conclusion, the correct option is A.

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