Suppose Your Expenses for This Term Are as Follows: Tuition

question 180

Multiple Choice

Suppose your expenses for this term are as follows: tuition: $9,000,room and board: $1,500,books and other educational supplies: $1,000.Further,during the term,you can only work part-time and earn $3,000 instead of your full-time salary of $8,000.What is the opportunity cost of going to college this term,assuming that your room and board expenses would be the same even if you did not go to college?

• A)$10,000
• B)$13,000
• C)$15,000
• D)$18,000

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Definitions:

Self-awareness

The conscious knowledge of one's own character, feelings, motives, and desires, enabling introspection and understanding of one's self.

Expressing

The process of conveying thoughts, feelings, or information to others, whether through verbal language, writing, or other forms of communication.

Parental Expectations

The beliefs or desires parents have about the behavior and achievements of their children.

Academic Achievement

The extent of a student's success in meeting short or long-term educational goals, often measured by grades, test scores, or degree completion.