Education · Economics of Education

Match List I (Type of Educational Cost) with List II (Definition/Example): List I (Cost Type): A. Private Cost B. Unit Cost C. Opportunity Cost D. Normative Cost List II (Definition/Example): I. The money spent for per educational unit, calculated on the basis of metrics like cost per student who successfully completes a program. II. Potential benefit foregone by choosing one educational alternative over another, measured in money, time, or satisfaction. III. Expenses incurred by an individual for travel, stationery, reference books, and uniforms. IV. The expected cost planned and budgeted by the central or state governments, often differing from the actual expenditure. Choose the correct answer from the options given below: