Question

A(n) _____ example is choosing to get a job right out of high school instead of going to college.

Responses

fixed cost
fixed cost

opportunity cost
opportunity cost

variable cost
variable cost

none of the above
none of the above

Answer 1

opportunity cost

Explanation: Choosing a job instead of going to college means you forgo the benefits of college (education, potential higher future earnings), which is the opportunity cost of your decision.