The Decision to Go to Graduate School Is a Rational

Multiple Choice

The decision to go to graduate school is a rational one for a college student if the

A) cost is not too great.
B) marginal cost exceeds the marginal benefit of graduate school.
C) marginal benefit of graduate school exceeds the marginal cost.
D) opportunity cost of graduate school equals zero.
E) student carefully compared the benefits of this decision to the sunk costs of the decision.