Suppose Your Expenses for This Term Are as Follows: Tuition

question 305

Multiple Choice

Suppose your expenses for this term are as follows: tuition: $7,000, room and board: $8,500, books and other educational supplies: $2,500.Further, during the term, you can only work part-time and earn $5,500 instead of your full-time salary of $20,000.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)$7,000
• B)$9,500
• C)$24,000
• D)$38,000

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Definitions:

Oedipus Complex

is a psychoanalytic theory by Freud that describes a child's feelings of desire for the opposite-sex parent and jealousy and rivalry with the same-sex parent.

Resent Father

Feelings of bitterness or anger directed towards one's father, often due to perceived wrongs or disappointments.

Penis Envy

represents a controversial concept in Freudian psychoanalysis, suggesting that female psychosexual development involves envy of the male penis as a perceived source of power.

Phallic Stage

A stage in Freudian psychosexual development, occurring roughly between the ages of three and six, during which a child's focus of pleasure is on the genital area.