Suppose Your Expenses for This Term Are as Follows: Tuition

question 180

Multiple Choice

Suppose your expenses for this term are as follows: tuition: $9,000,room and board: $1,500,books and other educational supplies: $1,000.Further,during the term,you can only work part-time and earn $3,000 instead of your full-time salary of $8,000.What is the opportunity cost of going to college this term,assuming that your room and board expenses would be the same even if you did not go to college?

• A)$10,000
• B)$13,000
• C)$15,000
• D)$18,000

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Definitions:

Earnings Surprise

A financial event that occurs when a company's reported quarterly or annual profits are above or below the analysts' expectations.

Securities Markets

Platforms or locations where securities such as stocks and bonds are bought and sold.

Stock Price

The current price at which a share of company stock can be bought or sold in the stock market.

Sustainable Earnings

The portion of a company's profits considered to be repeatable, stable, and able to be maintained over the long term.