Limited access

Upgrade to access all content for this subject

John graduated high school and plans to attend college. Tuition costs \$30,000. Instead of going to college, John could work full time earning \$45,000.

Ignoring the implicit costs (lost time, job experience, etc.), what is the opportunity cost if John decides to attend college?

A

$15,000

B

$30,000

C

$75,000

D

$60,000

E

$45,000

Select an assignment template