The money spent on tuition cannot be invested in another way.
Takes time away from having a paying job
All the money it costs
The law of increasing opportunity costs states that the more of a product that is produced the greater is its opportunity cost.
The main opportunity costs for going to college are time and money. However, there are also cases where someone may lose the opportunity to start a business or launch a product. If they wait, it may be too late and the opportunity completely lost.
Every time a choice is made, opportunity costs are assumed.
The total cost for instate students living with family to a Florida career college averages 26,000. For off campus living, the price raises to 45,000.
the increased opportunity costs in tourism
If you play softball for your high school and the college you plan on attending wants you on their team, they may give you money for your schooling to get you to play for them. For example, if they give you a 'full ride' if you play for them, they are paying full costs for you to attend college.
The opportunity costs and the benefits.
The relationship between trade offs and opportunity costs is that they both have to do with economics. A person has to make a choice that would have to sacrifice.
because opportunity itself is scarce too
Potential college students should give a lot of consideration to the educational institution that they'll be attending. College costs are high, and transferring schools when one school doesn't work out can add to the expense. Someone who is thinking about higher education should look for college search info online as a place to start. Reputable colleges all have a great deal of information available on their websites, such as course schedules and costs.
The relationship between trade offs and opportunity costs is that they both have to do with economics. A person has to make a choice that would have to sacrifice.