After Three Years at an Expensive College,Pierre Realizes That He

question 186

Multiple Choice

After three years at an expensive college,Pierre realizes that he doesn't want to finish school but really wants to be a chef.When Pierre suggests that he leave college for culinary school,his parents insist that he stay for one more year to get his degree.Which statement is TRUE?

• A)Pierre's parents are correct: if he leaves college,it is as though he has wasted three years of tuition.
• B)Pierre's parents are wrong: the marginal benefit to Pierre of another year of college is less than the marginal cost of college.
• C)Pierre's parents are wrong: the marginal benefit to Pierre of another year of college is greater than the marginal cost of college.
• D)It is impossible to tell who is correct.

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Definitions:

Air Suspension

A type of vehicle suspension system powered by air pressure from an onboard compressor or external source, providing adjustable ride quality and vehicle height.

Leveling Valve Ride Height

A component in air suspension systems that adjusts the ride height of a vehicle by controlling the air flow into or out of the air springs.

Spin Balancing

Spin Balancing is a process used to equalize the weight distribution on a tire and wheel assembly to minimize vibration at high speeds, ensuring a smoother ride and longer tire life.

Internal Balancing Agent

A material used inside tires or other rotating components to automatically distribute weight evenly and reduce vibration.