In Chapter 2, (Hubbard – O’brien-Microeconomics) you learned about the concept of opportunity cost, and the Section 2.1 review video demonstrated this concept. In your initial post, respond to the following:
- Describe various opportunity costs of attending a four-year college (assuming a full-time schedule). Given these opportunity costs, why do people choose a four-year college experience?
- In your own life, what are the trade-offs you face when choosing online classes versus traditional face-to-face classes?