Larry Was Accepted at Three Different Graduate Schools, and Must

question 110

Multiple Choice

Larry was accepted at three different graduate schools, and must choose one. Elite U costs $50,000 per year and did not offer Larry any financial aid. Larry values attending Elite U at $60,000 per year. State College costs $30,000 per year, and offered Larry an annual $10,000 scholarship. Larry values attending State College at $40,000 per year. NoName U costs $20,000 per year, and offered Larry a full $20,000 annual scholarship. Larry values attending NoName at $15,000 per year. Larry maximizes his economic surplus by attending:

• A)Elite U.
• B)State College.
• C)NoName U because he has a full scholarship there.
• D)NoName U because the annual cost is only $20,000.

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Definitions:

Mates

Refers to individuals paired for reproductive purposes or colloquially used to refer to friends or companions.

Socioeconomic Class

A division of society based on social and economic status.

Waist-To-Hip Ratio

A measurement used to assess the distribution of body fat, calculated by dividing the circumference of one’s waist by the circumference of one’s hips, with implications for health and attractiveness.

Sexual Desire

The emotional and mental interest in sexual activities or objects, which can vary in intensity across different individuals and situations.