Attending College Involves Many Explicit and Implicit Costs

question 73

Multiple Choice

Attending college involves many explicit and implicit costs.Which of the following best describes the opportunity cost of attending college?  

• A) It is entirely monetary and consists of expenditures on tuition, books, transportation, and meals. 
• B) It is NOT monetary, but consists solely of forgone income. 
• C) It is the most valued alternative given up to attend college. 
• D) It is negligible for most people, because they really have no choice but to attend college.

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Definitions:

1-Bromoheptane

An organic compound consisting of a seven-carbon chain with a bromine atom attached to the first carbon.

Dieckman Cyclization

A chemical reaction used to form a ring by connecting the ends of a dicarbonyl compound using a base.

Acetoacetic Ester Synthesis

Acetoacetic ester synthesis is a method for creating carbon-carbon bonds, enabling the synthesis of ketones from acetoacetic ester through alkylation followed by decarboxylation.

Malonic Ester Synthesis

A carbon-carbon bond-forming reaction that uses malonic esters to synthesize carboxylic acids with various substituents.