Suppose Your Expenses for This Term Are as Follows: Tuition

question 207

Multiple Choice

Suppose your expenses for this term are as follows: tuition: $10,000, room and board: $6,000, books and other educational supplies: $1,000.Further, during the term, you can only work part-time and earn $8,000 instead of your full-time salary of $20,000.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)$11,000
• B)$17,000
• C)$23,000
• D)$29,000

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Definitions:

General Adaptation Syndrome

Hans Selye's model describing the body's short-term and long-term reactions to stress, comprising stages of alarm, resistance, and exhaustion.

Stages

Sequential phases or steps within a process or development, often characterized by distinct features or behaviors.

Alarm

A response mechanism or device designed to warn or alert of a potential or existing danger.

Catecholamines

A group of neurotransmitters, including dopamine, norepinephrine, and epinephrine, that play key roles in the body's stress response and regulation of mood.