When You Calculate Your True Costs of Going to College,what

question 5

Multiple Choice

When you calculate your true costs of going to college,what portion of your room-and-board expenses should be included?

• A)Your full room-and-board expenses should always be included.
• B)None of your room-and-board expenses should ever be included.
• C)You should include only the amount by which your room-and-board expenses exceed the income you earn while attending college.
• D)You should include only the amount by which your room-and-board expenses exceed the expenses for rent and food if you were not in college.

---

Definitions:

Online Movie Rentals

The service of renting movies over the internet, allowing users to stream or download movies for a limited period of time.

Quantity Supplied

The level of goods or services available for sale by producers, who are willing and able to provide them, at a predetermined price over an agreed period.

Excess Supply

A market condition where the quantity of a good supplied is greater than the quantity demanded at the current price.

Equilibrium Price

The price at which the quantity of a good or service demanded meets the quantity supplied, resulting in market balance.