Answer:
To answer this question, we have to determine if the full cost of the economics course you are taking is higher or lower than the opportunity costs associated with taking the course.
Explanation:
For example, suppose that the cost of the economics course is $1,000 per month, and the course takes 4 hours a week. If instead of taking the course, you obtained a job that paid $100 an hour, the opportunity cost would be $1,600 ($100 an hour x 4 hours a week x 4 weeks). Therefore, the opportunity cost would be higher than the cost of tuition.
However, the future monetary benefits of taking the economics course could be way higher than the $1,600.
