For a College Student Who Wishes to Calculate the True

question 176

Multiple Choice

For a college student who wishes to calculate the true costs of going to college, the costs of room and board

• A) should be counted in full, regardless of the costs of eating and sleeping elsewhere.
• B) should be counted only to the extent that they are more expensive at college than elsewhere.
• C) usually exceed the opportunity cost of going to college.
• D) plus the cost of tuition, equals the opportunity cost of going to college.

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Definitions:

Crowdsourcing

Soliciting insights, information, or assistance for a project or task from a wide audience, mainly using the internet.

Big Data

Large and complex data sets that are challenging to process using traditional data-processing software but can reveal patterns, trends, and associations.

Real Time

Information processing that occurs simultaneously with event occurrence, without noticeable delay.

Digital Sources

Online materials or platforms that provide information or data.