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What is the opportunity cost of earning an advanced college degree

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Answer:

The opportunity cost would be $240k

Step-by-step explanation:

The college fee per year is $30k plus expenses. After 4 years, you will be out $120k. The opportunity cost in this case will be $240k since you chose to go to college instead of working. Thus, you will earn less or no money during the years that you are in college.

Hope this helps!!

User Hanzolo
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