Dunston Military Academy Has an Annual Deficit of $250,000

question 101

Multiple Choice

Dunston Military Academy has an annual deficit of $250,000.Its 1,000 students pay tuition of $10,000 each per year.The economics faculty has recommended solving the problem by recruiting additional athletes with $5,000 scholarships.Each additional athlete will cost the school $2,500 (equipment, etc.) .Assuming the academy agrees, how many athletes are needed to eliminate the deficit?

• A)Zero, the deficit cannot be eliminated by giving more scholarships.
• B)25
• C)50
• D)100

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Definitions:

Stanley Milgram

Stanley Milgram was a psychologist best known for his controversial experiment on obedience, demonstrating that people are willing to obey authority figures even when it involves harming others.

Obedience Study

A series of experiments conducted by Stanley Milgram, demonstrating the extent to which individuals would follow orders from an authority figure, even when they believed they were causing harm.

Psychiatrists

Medical doctors specialized in diagnosing, treating, and preventing mental, emotional, and behavioral disorders.

Social Roles

The parts individuals play as members of a social group, which meet the expectations of society.