The Decision to Go to Graduate School Is a Rational

question 228

Multiple Choice

The decision to go to graduate school is a rational one for a college student if the

• A) cost is not too great.
• B) marginal cost exceeds the marginal benefit of graduate school.
• C) marginal benefit of graduate school exceeds the marginal cost.
• D) opportunity cost of graduate school equals zero.
• E) student carefully compared the benefits of this decision to the sunk costs of the decision.

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Definitions:

Data Members

Variables that hold data specific to an instance of a class, also known as fields or properties.

Public

A keyword in many programming languages specifying that a variable, method, or class is accessible from any other code in the same environment.

Private

In object-oriented programming, an access modifier that restricts visibility of a class member to within the class itself.

Static

A keyword in programming that denotes a member of a class that belongs to the class itself rather than to any specific instance of the class.