Answer to Question #50566 in Economics of Enterprise for Christoph Liquor
Is the following statement true or false? Explain your reasoning. “I am attending college on a full athletic scholarship, so the opportunity cost of attending college is zero for me.”
The following statement is false. It is necessary to note that all our choices have an opportunity cost and it is no different whether you are attending college on a full athletic scholarship or not. For example the opportunity cost of attending college on a full athletic scholarship is the lost chance to play in the NBA.
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