Jamie and Danny Both Attend the Same College and Incur

question 6

Multiple Choice

Jamie and Danny both attend the same college and incur the same expenses for tuition, books, and school supplies. Jamie gave up a lucrative modeling job in Paris to attend school full-time and Danny gave up a part-time job as a sales clerk in a department store. It follows that:​

• A)​the opportunity cost of attending college is the same for both since they are enrolled at the same academic institution.
• B)​the opportunity cost of attending college is likely greater for Jamie than for Danny.
• C)​the opportunity cost of attending college is likely greater for Danny than for Jamie.
• D)​the opportunity cost is minimal for both since college graduates are paid much higher than high school graduates on average.

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Definitions:

Personality

Refers to individual differences in characteristic patterns of thinking, feeling, and behaving.

Theory

A set of principles and ideas intended to explain facts or phenomena.

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Psychology

The scientific study of the mind and behavior, encompassing a wide range of topics from cognitive processes to social interactions and mental health.