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Read This Paragraph and Answer the Questions That Follow It

question 25

Multiple Choice

Read this paragraph and answer the questions that follow it.
(1) For several reasons, attending a community college to earn an associate's degree is a worthy investment of your time and money. (2) First and perhaps most importantly, earning a two-year associate's degree will give you an edge in a competitive job market. (3) Even if your degree does not directly relate to a specific job, the fact that you completed your education indicates to prospective employers that you are a person who can learn, who possesses certain skills, and who can persevere to achieve specific goals. (4) Next, If you have been out of school for a awhile or feel that you need some extra academic support, a community college is a good choice. (5) These colleges offer tutors, basic-skills labs, and other tools to help you get up to speed for college work. (6) A third important advantage of the community college is its low cost and excellent value. (7) And if you hope to earn a four-year degree, you can save money by transferring after two years to a more expensive university. (7) In fact, as college costs increase, more and more students are making this choice strategically.
The first and second reasons support the argument by

Definitions:

Profit-Maximizing

The process where a firm adjusts its production to achieve the highest possible profit given its constraints.

Labor (L)

A measure of the work done by human beings in the production process, considered a factor of production in economics.

Profit-Maximizing

The process businesses follow aiming to achieve the highest possible profits by adjusting production levels, pricing, and other operational factors.

Least-Cost Combination

An economic principle where firms seek to minimize their costs of production by using the most efficient combination of resources.