Opportunity cost of obtaining a college degree


Which person has the highest opportunity cost of obtaining a college degree (assuming that attending college requires giving up his or her current position)?

a. Bill, who is unemployed.

b. Jane, who is an unwed mother and earns $15,000 a year.

c. Larry, who is a technician in the Navy earning $18,000 a year with free food and housing.

d. Mary, who has a job earning $60,000 a year as a computer programmer.

e. Unable to determine from the data given.

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Microeconomics: Opportunity cost of obtaining a college degree
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