In Recent Years,some Business Schools in Canada Have Begun Charging

question 114

Multiple Choice

In recent years,some business schools in Canada have begun charging tuition of close to $35 000 per year for a graduate degree,whereas Arts faculties charge much lower tuition for their graduate degrees.Students are prepared to pay the high tuition in a business school because

• A)the expected payoff in terms of higher future wages is large.
• B)the cost of providing the business education is far higher than the cost of the Arts education.
• C)the marginal revenue product of a business degree is lower than the marginal revenue product of an Arts degree.
• D)the marginal cost of a business degree is less than the marginal benefit of a business degree.
• E)they recognize that the investment in human capital is not worthwhile.

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Definitions:

Marginal Mean

The mean value of a variable in a dataset, considering all levels of other variables in a multi-way table or factorial design.

Crime Area

A specific geographic location identified as having a higher incidence of criminal activities compared to other areas.

Means

Refers to the arithmetic averages of data sets, representing the central or typical value in those sets.

Interaction Effect

The effect on a dependent variable that arises from the combination of two or more variables, different from the sum of their separate effects.