Suppose Your Expenses for This Term Are as Follows: Tuition

question 96

Multiple Choice

Suppose your expenses for this term are as follows: tuition: $5,000,room and board: $3,000,books and other educational supplies: $500.Further,during the term,you can only work part-time and earn $4,000 instead of your full-time salary of $10,000.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)$5,500
• B)$8,500
• C)$11,500
• D)$14,500

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Definitions:

Steadily

In a constant, consistent, and uninterrupted manner, often used to describe a process that continues or evolves without significant changes or interruptions.

Implicit Attitudes

Unconscious beliefs or feelings towards objects, people, or situations, which can influence behavior without one's awareness.

Racial Prejudice

The preconceived opinion, bias, or discrimination against people based on their race or ethnicity.

Negative Views

Attitudes or perspectives that focus on the undesirable aspects of a situation rather than the positive ones.