If Bruce Pays $2000 in Tuition Fees to the College,what

question 122

Multiple Choice

If Bruce pays $2000 in tuition fees to the college,what is his opportunity cost?

• A)$2000 minus the income the student forgoes by attending school rather than working.
• B)$2000.
• C)the income the student forgoes by attending school rather than working plus his tuition fees.
• D)there is no opportunity cost since Bruce chose to study rather than working.

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Definitions:

Premise

An initial statement or proposition from which other statements are derived or reasoned out.

Conclusion

The end or final part of something, especially a period of time, an activity, or a story; in logic, it's the statement that logically follows from the premises.

Standard Form

A specific, organized way of presenting information or arguments, often used in mathematics, philosophy, and logic.

Proposition

A statement that expresses a judgement or opinion and can be either true or false.