Question

After graduating from high school, Maria chose to go to college, while Omar chose to work full- time. Which of the following best describes the opportunity costs for these decisions?

a. Maria’s opportunity cost includes the salary she could have earned if she had gone to work.
b. Maria’s opportunity cost is her living expenses while attending college.
c. Omar’s opportunity cost is the salary he will earn from working.
d. Omar’s opportunity cost is the tuition and expenses he would have paid for college.
e. Omar’s opportunity cost is definitely greater than Maria’s.

Answer 1

a. Maria’s opportunity cost includes the salary she could have earned if she had gone to work.

Step-by-step explanation:

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Omars opportunity cost is the opportunity of going to college he forgoed when he decided to start working.

I hope my answer helps you