Multiple Choice
Suppose that your tuition to attend college is $10,000 per year and you spend $4,000 per year on room and board.If you were working full time instead of attending college,you could earn $20,000 per year.What is your opportunity cost of attending college for one year?
A) $14,000
B) $24,000
C) $30,000
D) $34,000
Correct Answer:
Verified
Correct Answer:
Verified
Q24: The marginal principle states that "we should
Q25: The opportunity cost of getting a Master's
Q26: Producing more output in an existing production
Q27: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" Figure 2.3
Q28: The additional cost resulting from a one
Q30: When referring to "marginal" changes,the economic focus
Q31: You borrow money to buy a house
Q32: When prices rise,increases in real income are
Q33: The face value of money or income
Q34: Trade-offs involve an exchange of one thing