p to pursuit another good or service. In economics, the opportunity cost is not all goods and services that are given up, but only the most desirable good or service. The difficulty of scarcity makes opportunity cost an essential element in the study of economics. There are two kinds of opportunity cost: Implicit opportunity cost: Cost that does not involve a money payment and explicit opportunity cost: the out-of-pocket cost that involves a money payment.
             When a student attends college, he or she faces implicit and explicit opportunity costs. For example tuition, fee, and textbooks will be out-of pocket cost or explicit opportunity cost. The opportunity cost is all other things that could have been purchased. However, the total cost goes beyond the price of going to school. These prices don't involve a money payment. By going to school, a student gives up alternate activities like working, watching TV, and sleeping. These are examples of imp
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