A Student Who Has Paid Non-Refundable Tuition of $45 a Lecture

question 84

Multiple Choice

A student who has paid non-refundable tuition of $45 a lecture estimates the marginal benefit of each lecture to be $60.She should attend the class if

• A) the tuition for other classes is less than $60.
• B) the opportunity cost of attending class is $50.
• C) the opportunity cost of teaching the class is $70.
• D) the tuition is less than the marginal benefit.
• E) the opportunity cost of attending class is $65.

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Definitions:

Rumination

The act of continuously thinking about the same thoughts, which are often negative or sad.

Accurately Describing

The act of conveying information or characteristics of someone or something in a precise and detailed manner.

Self-disclosure

The act of revealing personal information to others that is not readily known by them, which can deepen relationships and build trust.