Multiple Choice
The decision to enrol in a PhD program is a rational one for a university student if the
A) marginal cost exceeds the marginal benefit of gaining a PhD.
B) marginal benefit of gaining a PhD exceeds the marginal cost.
C) student carefully considered the social benefits of this decision.
D) cost is not too great.
E) opportunity cost of gaining a PhD equals zero.
Correct Answer:
Verified
Correct Answer:
Verified
Q17: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" -In the diagram
Q18: Which of the following is a macroeconomic
Q19: Choices that are best for the society
Q20: A slope is measured as the<br>A)value of
Q21: A statement that 'all children should receive
Q23: If the marginal benefit of the next
Q24: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" The graph shows
Q25: Opportunity cost is best defined as<br>A)the value
Q26: Which of the following best defines economics?<br>A)Economics
Q27: Rational choice<br>A)is made by comparing different incentives.<br>B)is