After Studying Tap Dancing for Three Years,Dan Gave Up the Idea

question 153

Multiple Choice

After studying tap dancing for three years,Dan gave up the idea of becoming a professional dancer and immediately started to study economics two years ago.He has decided that economics is for him and he would like to make a career out of his economics studies.Which of the following is true?

• A) The three years spent in tap dancing was a marginal cost in his economics career.
• B) The three years spent in tap dancing was an average cost in his economics career.
• C) The three years spent in tap dancing was a sunk cost in his economics career.
• D) The five years spent in studying economics and tap dancing was an average cost in his economics career.
• E) The five years spent in studying economics and tap dancing was a marginal cost in his economics career.

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