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After graduating from high school, Adam is thinking about going to college. The college tuition in $15,000 a year. Instead of going to college, Adam could take a full-time job that pays $25,000. What is Adams opportunity cost of attending college for one year?
A. $10,000
B. $15,000
C. $25,000
D. $40,000

Respuesta :

Answer:

C. $25,000

Explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

If Adam decides to attend college, he would be forgo taking a full time job. His opportunity cost would be the amount he would have earned at the full time job.

I hope my answer helps you

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