Which of the Following Would Likely, in the Long Run

question 20

Multiple Choice

Which of the following would likely, in the long run, reduce the observed rate of return from going to college?

• A) Funds available to support college students become less available.
• B) People going to college start to work longer hours.
• C) Earning of high school graduates go down.
• D) Educational reforms cause going to college to be fun and enjoyable.

---

Definitions:

Fast Food

Quick-service restaurants offering minimal table service and food that is prepared and served very quickly, often packaged for takeout or drive-through service.

Demand Curve

a graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing to buy.

Cost Functions

Mathematical relationships expressing the cost of production as a function of the quantity of output produced.

Profit-maximizing

A strategy or point where a firm reaches the highest possible profit by balancing its costs and revenues.