Suppose That York University Does Not Have a Summer Programme

question 25

Multiple Choice

Suppose that York University does not have a summer programme and could rent out the campus to various summer sports camps for $100 000.The potential revenue of the summer camps represents a(n) :

• A) implicit cost of capital.
• B) explicit cost.
• C) total cost.
• D) sunk cost.

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Definitions:

Survival Goal

An objective or aim focused on ensuring the continued existence, safety, and well-being of an individual or group in challenging circumstances.

Economic Goal

Refers to the aims a society or nation seeks to achieve in the interest of securing economic welfare, such as stability, growth, efficiency, and equity.

No-nonsense Parenting

A parenting style characterized by clear expectations, consistency, and firm boundaries, focusing on discipline and responsibility.

Formal Education

An organized educational framework that typically involves schooling at various levels, characterized by a systematic and structured curriculum.