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Evan is employed as an assistant manager in the furniture division of a national chain of department stores.He is a recent college graduate with a degree in marketing.During 2011,he enrolls in the evening MBA program of a local university and incurs the following expenses: tuition,$4,300; books and computer supplies,$900; transportation expense to and from the university,$350; and meals while on campus,$300.Evan is single and his annual AGI is less than $65,000.As to these expenses,what are Evan's:
Rational Choice Theory
A framework for understanding and modeling social and economic behavior within the assumption that individuals make decisions based on their preferences and aims to maximize utility.
Social Resources
are assets available to individuals or communities, such as knowledge, networks, and social status, that can be mobilized to achieve desired outcomes.
Intention
A mental state that represents a commitment to carrying out an action or actions in the future.
Neoclassical Economics
A branch of economics focusing on the determination of goods, outputs, and income distributions in markets through supply and demand.
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