In Chapter 2, you learned about the concept of opportunity cost, and the Section 2.1 review video ( https://www.youtube.com/watch?v=tB8quH_Y2Z0 ) demonstrated this concept. In your initial post, respond to the following:
Describe the opportunity cost of attending a four-year college (assuming a full-time schedule, living on-campus). Given these opportunity costs, why do people choose a four-year college experience?
Sample Solution