Jacquelyn Is a Student at a Major State University

question 22

Multiple Choice

Jacquelyn is a student at a major state university.Which factor is NOT an explicit cost of her attending college?

• A)Opportunity cost may be larger than monetary cost.
• B)Opportunity cost includes both explicit and implicit costs.
• C)The real or opportunity cost of something is what you must give up to get it.
• D)Opportunity cost is synonymous with explicit cost.

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Definitions:

Centimetres

A measurement in the metric system that equals one percent of a meter.

Person's Height

A measurement of how tall an individual is, typically quantified in centimeters or feet and inches.

Negotiation

Negotiation is a dialogue between two or more people or parties intended to reach a beneficial outcome over one or more issues where a conflict exists with respect to at least one of these issues.

Walk Away

The act of leaving or disengaging from a situation or negotiation, especially when an agreement or resolution cannot be achieved.