Which of the folowing are components of the opportunity cost of being a full dim

Question

Which of the folowing are components of the opportunity cost of being a full dime student? The cont of tution and cmot yost f being atbul-lin t The cost of residence and a meal plan of a component of the opportunity cost of being a ful- time student a component of the opportunity cost of being a full-ime student to the New Yorker magazinea component of the oppontunity cost of being a full time student The income a student will eam aher graduating acomponent of the opportunity cost of being a full- ime student Clck to select your answer(s) 4 5 7

Explanation / Answer

SOLUTION:

1) The cost of tuition and books is component of opportunity cost of being a full time student

2) The cost of residence and a meal plan is component of opportunity cost of being a full time student

3) The cost of subscription to the New York magazine is not component of opportunity cost of being a full time student

4) The income a student will earn after graduating is not component of opportunity cost of being a full time student

Explanation: The opportunity cost means the cost of not choosing the next best alternative for my money, time, or various other resource

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