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Basic Question 4 of 8

Which of the following is an implicit (opportunity) cost of attending college?

I. The wages that you could have been earning
II. Tuition
III. The cost of books
IV. The cost of food
V. The cost of housing

User Contributed Comments 7

User Comment
ljamieson and CFA reg fees!!
Farina ...+ 2hrs a day that could have been spent doing something else...
MMattioli CFA reg fees would be explicit cost....duh... lol
haosheng 3 years of your life energy on CFA exams instead of having fun, family, babies,..... :(
GeeMan not to mention the quality halo time I have given up!
GamePlayer Is it all worth it?
choas69 this question is here to clear the confusion, thank you.
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I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes

Barnes

Learning Outcome Statements

determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition

CFA® 2025 Level I Curriculum, Volume 1, Module 1.