When a Teacher in a Private School Points Out to Her

question 110

Multiple Choice

When a teacher in a private school points out to her high school principal that since there are empty seats in all classrooms, the cost of additional students is really zero, she is using the

• A)law of comparative advantage.
• B)principle of marginal analysis.
• C)theory of externalities.
• D)notion of the cost decreases of the service sector.
• E)concept of opportunity cost.

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Definitions:

Action

The process of doing something with the intent to achieve an aim or handle a problem, often requiring decision-making and execution.

Predictive

Pertaining to the use of statistical analysis and modeling to make forecasts or predictions about future events.

Simulation

A method for implementing a model over time to analyze and record the consequences of sequential interactions.

Predictive Analytics

The set of analytical techniques that use models constructed from past data to predict the future or assess the impact of one variable on another.