After Three Years at an Expensive College, Pierre Realizes That

question 50

Essay

After three years at an expensive college, Pierre realizes that he doesn't want to finish school but really wants to be a chef.When Pierre suggests that he leave college for culinary school, his parents insist that he stay for one more year to get his degree.Which of the following is true?
A.Pierre's parents are correct: if he leaves college, it is as though he has wasted three years of tuition.
B.Pierre's parents are wrong: the marginal benefit to Pierre of another year of college is less than the marginal cost of college.
C.Pierre's parents are wrong: the marginal benefit to Pierre of another year of college is greater than the marginal cost of college.
D.It is impossible to tell who is correct.

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Definitions:

Photosynthetic Mode

A method by which plants, algae, and some bacteria convert light energy into chemical energy stored in glucose.

CAM

A type of photosynthesis (Crassulacean Acid Metabolism) adapted by some plants to minimize water loss in arid conditions by fixing CO2 at night.

CAM Plants

Plants that utilize Crassulacean Acid Metabolism, a carbon fixation pathway that allows them to conserve water in arid conditions by opening their stomata at night.

Stomata

Microscopic openings on the surfaces of leaves and stems that regulate gas exchange and water vapor between the plant and the atmosphere.