What Do You Need to Calculate Your Opportunity Cost for Work

question 27

Multiple Choice

What do you need to calculate your opportunity cost for work versus college?

• A)Your post-graduation earning potential,the number of years you have before retirement,and your tuition
• B)Your age,the age you plan on retiring,and your tuition
• C)Your current earnings,your post-graduation earning potential,and the number of years you plan on working
• D)Your tuition,your age,and your current earnings

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Definitions:

Initial Order

is the first directive or purchase agreement made in a series of transactions, often setting the precedent for future orders.

ALJ

Stands for Administrative Law Judge, an official who presides over federal administrative court hearings, making decisions on regulatory and legal issues.

Appeal

The process of seeking a higher court's review of a lower court's decision in order to have it altered or reversed.

Enactment

Enactment is the process by which a legislative body passes a bill, thereby turning it into law.