Suppose You Have a Choice of Working Full-Time During the Summer

question 100

Multiple Choice

Suppose you have a choice of working full-time during the summer or going full-time to summer school.Summer tuition and books are $2, 200.If you worked, you could make $7, 000.Your rent is $1, 000 for the summer, regardless of your choice.The opportunity cost of going to summer school is, therefore,

• A)$2, 200
• B)$7, 000
• C)$8, 000
• D)$9, 200
• E)$10, 200

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Definitions:

Residential Swimming Pools

Structures designed for home use in which water is filled for swimming, diving, or leisure purposes.

Absolute Privilege

A legal immunity from libel and slander lawsuits, typically granted in scenarios where speech or communication is considered in the public interest, such as in legislative or judicial proceedings.

Defamation

The action of damaging the good reputation of someone through slander or libel.

Nolo Contendere

A plea in which the defendant does not admit guilt but agrees not to contest the charges.