An Economic Explanation as to Why Individuals Such as Bill

question 60

Multiple Choice

An economic explanation as to why individuals such as Bill Gates and LeBron James don't finish college is that

• A) The sunk cost of college is very high for them
• B) The opportunity cost of college is very high for them
• C) The benefits of additional college exceed the costs of additional college for them
• D) The decision not to finish college is irrational

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Definitions:

Anaerobic Respiration

A process of energy production that occurs in the absence of oxygen, converting glucose to energy in cells.

Oxygen

A chemical element with symbol O and atomic number 8, essential for respiration in most living organisms and a component of the Earth's atmosphere.

Energy Expenditure

The amount of energy, measured in calories, that a person uses to breathe, circulate blood, digest food, and be physically active.

Toxic Compound

A chemical substance known to cause harm to organisms through its chemical action when ingested, inhaled, or comes into contact with skin.