Suppose Your Expenses for This Term Are as Follows: Tuition

question 69

Multiple Choice

Suppose your expenses for this term are as follows: tuition: $12,000, room and board: $6,500, books and other educational supplies: $1,500.Further, during the term, you can only work part-time and earn $3,500 instead of your full-time salary of $14,000.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)$13,500
• B)$20,000
• C)$24,000
• D)$30,500

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Definitions:

Pharynx

The muscular tube that forms part of the digestive and respiratory systems, connecting the mouth and nasal cavity to the esophagus and larynx.

Nasal Septum

Bony partition that separates the nasal cavity into left and right parts; composed of the vomer, the perpendicular plate of the ethmoid, and hyaline cartilage.

Nasal Cavity

The nasal cavity is the large air-filled space above and behind the nose in the middle of the face, forming part of the respiratory system where air is heated, humidified, and filtered.

Auditory Tubes

The auditory tubes, also known as Eustachian tubes, are canals connecting the middle ear with the nasopharynx, equalizing pressure on either side of the eardrum.