the opportunity cost of a worker going to the university is
A. tuition, fees and books B. boarding and lodging C. the wages given up to attend the university D. transportation and entertainment
Correct Answer: C
Explanation
Opportunity cost is the value of the next best thing you give up whenever you make a decision. It is "the loss of potential gain from other alternatives when onealternative is chosen". it is simply the forgone alternative If, for example, you spend time and money going to a movie, you cannot spend that time at home reading a book, and you can't spend the money on something else.
