The Decision to Enrol in a PhD Program Is a Rational

question 22

Multiple Choice

The decision to enrol in a PhD program is a rational one for a university student if the

• A)marginal cost exceeds the marginal benefit of gaining a PhD.
• B)marginal benefit of gaining a PhD exceeds the marginal cost.
• C)student carefully considered the social benefits of this decision.
• D)cost is not too great.
• E)opportunity cost of gaining a PhD equals zero.

---

Definitions:

Coca-Cola

is a carbonated soft drink brand and multinational corporation known for its flagship cola beverage, which has become one of the world's most recognized and consumed beverages.

Soft Drink

A nonalcoholic beverage, usually carbonated, flavored, and sweetened.

Implicit Learning

Learning that occurs without explicit awareness of what has been learned.

Analytic Concept Formation

The cognitive process of categorizing or classifying information based on identifiable characteristics or rules.