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What statement describes one of the opportunity costs of attending college?
Wiki User
∙ 8y ago
Verified answer
The money spent on tuition could've been invested in stocks or bonds.
Amelia Bingham
Greyson Swaniawski
The opportunity cost of going to college refers to the amount of money the person would have potentially earned during that time period. If the person would have worked and earned $40,000 per year for four years while attending college, their opportunity cost is $160,000. Some economists also add the cost of paying tuition into their total figure.
The money spent on tuition could've been invested in stocks or bonds.
Time spent on schoolwork takes away from the chance to earn money at a job.
Opportunity cost is a choice between two possible options where the benefits of one choice over another can be judged. This, for college, is basically saying is this education worth the large amount of money needed to get it?
Wiki User
∙ 6y agoThe opportunity cost of going to college refers to the amount of money the person would have potentially earned during that time period. If the person would have worked and earned $40,000 per year for four years while attending college, their opportunity cost is $160,000. Some economists also add the cost of paying tuition into their total figure.
The money spent on tuition could've been invested in stocks or bonds.
Time spent on schoolwork takes away from the chance to earn money at a job.
Opportunity cost is a choice between two possible options where the benefits of one choice over another can be judged. This, for college, is basically saying is this education worth the large amount of money needed to get it?
Wiki User
∙ 13y agothe money spent on tuition could have been used for stocks.
apex!
Anonymous
The money spent on tuition cannot be invested in another way
What is the Opportunity cost of a particular good?
The opportunity cost of a certain good is the cost of the next best good that you are forgoing. It is NOT a sum of all the other possibilities. It is just the cost of the next best alternative. For example: The opportunity cost of going to college is the money that you could have earned in a job. Say you spend $80,000 to go to college for four years, but if you had gotten a job right out of high school, you could have made $15,000 a year. The opportunity cost of attending college is the $60,000 you would have earned if you had gotten the job right out of high school.
What is your opportunity cost of going to college?
The main opportunity costs for going to college are time and money. However, there are also cases where someone may lose the opportunity to start a business or launch a product. If they wait, it may be too late and the opportunity completely lost.
Does an opportunity cost have value?
opportunity cost can have a value, especially if you are looking at such things as the college/job thing. If you go to college rather than take a job, your opportunity cost is the amount of money you lose from not working at the job. Opportunity cost does not always have to have a value. Again with the college/job example, if you take a job rather than go to college, your opportunity cost can be things like more education and college memories, etc. Opportunity cost is simply "what you give up". Therefore, if you are giving up money, your opportunity cost has a monetary value. If you are giving up education or experience or the like, your opportunity cost technically has no monetary value, but you are still giving something up. Hope that answers the question.
You choose to work instead of attending college after graduation A cost of this choice would be?
penis hair
Define and explain the concept of opportunity cost by giving suitable examples?
Opportunity Cost is the value of the time lost due to a decision one makes. For example, when Lebron James was in High School, he was faced with this decision: Do I skip college and go straight to the NBA? Or do I just go to college and get drafted to the NBA later? Here, Lebron made a good decision (in terms of money at least), to skip college and go straight to the NBA. If he had not, and decided to go to college, his opportunity cost for that decision would have been the $90 million so odd endorsement contract from Nike, as well as the value (for the duration that he would spend in college) of his Cleveland Cavaliers contract. In other words, Lebron's opportunity cost if he had stayed in college would be the money he would have missed out on by staying in college.
Will attending a Culinary Arts College give me the opportunity to start my own restaurant?
Yes, attending a Culinary Arts College give you the opportunity to start your own restaurant. However, it is recommended that you take business management courses to increase your credentials.
What best describes the data zip codes for students attending college in the state of Michigan?
attribute data
What percent of high school graduates attend college in India?
0%; If they're attending a college in India they're not in high school... They're in college... In India... :D
Where can I submit my essay for college scholarships?
Many essays can be directly submitted to the college you plan on attending for a chance to receive a scholarship sponsored by that college. FAFSA also has great links for websites where you can submit essays for the opportunity to get a scholarship not sponsored by a college or university.
A personal statement gives college applicants the opportunity to do what?
It allows the writer to share personal information, such as goals, hopes and dreams.
What states the opportunity costs of attending college?
The money spent on tuition cannot be invested in another way.
What college is Vanessa Hudgens going to?
She currently is not attending college
What is the Opportunity cost of a particular good?
The opportunity cost of a certain good is the cost of the next best good that you are forgoing. It is NOT a sum of all the other possibilities. It is just the cost of the next best alternative. For example: The opportunity cost of going to college is the money that you could have earned in a job. Say you spend $80,000 to go to college for four years, but if you had gotten a job right out of high school, you could have made $15,000 a year. The opportunity cost of attending college is the $60,000 you would have earned if you had gotten the job right out of high school.
What college is Stephanie bongiovi attending?
Hamilton College in Clinton, NY
How many people are attending college?
56,734,674
Do you plan on attending college?
no - too old
How can you avoid dropping out of college or university?
by attending it
