Suppose Your Expenses for This Term Are as Follows: Tuition

question 69

Multiple Choice

Suppose your expenses for this term are as follows: tuition: $12,000, room and board: $6,500, books and other educational supplies: $1,500.Further, during the term, you can only work part-time and earn $3,500 instead of your full-time salary of $14,000.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)$13,500
• B)$20,000
• C)$24,000
• D)$30,500

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Definitions:

Negative Cognitions

Thoughts that are often distorted and pessimistic, influencing one's mood and behavior negatively.

Challenging Automatic Thoughts

A cognitive behavioral therapy technique aimed at identifying and disputing irrational or maladaptive thoughts to improve mental health.

Unipolar Depression

A form of depression that is characterized by a persistent feeling of sadness or lack of interest in outside stimuli, without the manic episodes seen in bipolar disorder.

Acceptance And Commitment Therapy

A form of psychotherapy that uses mindfulness strategies to help individuals accept their thoughts and feelings rather than fighting or feeling guilty for them.