Which of the following would be most likely to increase your opportunity cost of attending college? a recession in the economy that made finding a job more difficult receiving a very attractive offer to start a job today that would permit you to earn about 50 percent more than you expected to make after graduation the retirement of your favorite professor under whom you hoped to study during the next semester information indicating that salaries were declining and that there were very few openings for college graduates in your field

Question

Business

Raymond Frost

9 June, 08:49

Which of the following would be most likely to increase your opportunity cost of attending college? a recession in the economy that made finding a job more difficult receiving a very attractive offer to start a job today that would permit you to earn about 50 percent more than you expected to make after graduation the retirement of your favorite professor under whom you hoped to study during the next semester information indicating that salaries were declining and that there were very few openings for college graduates in your field

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Yael Freeman · Answer 1

To start a job today that would permit you to earn about 50 percent more than you expected to make after graduation.

Explanation:

Opportunity cost is the cost of best next option foregone for choosing the current option. Here, the best opportunity foregone is of earning and starting the job today which will allow to earn 50 % more than what can be earned after completing the graduation, as already for graduation fees will be paid, along with further expenses. In that case if dropping graduation and starting a job was this beneficial then it would have been better.

Therefore the following has increased the opportunity cost of pursuing graduation.

to start a job today that would permit you to earn about 50 percent more than you expected to make after graduation