If Your Tuition Is $25,000 This Semester, Your Books Cost

question 213

Multiple Choice

If your tuition is $25,000 this semester, your books cost $1,500, you can only work 20 rather than 40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $7,500 this semester (same as if not attending college) , then your opportunity cost of attending college this semester is

• A) $26,500.
• B) $26,800.
• C) $31,000.
• D) $38,500.

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Definitions:

Longitudinal

A research design that involves repeated observations of the same variables over short or long periods of time.

Cross-sectional

An observational study type that examines data collected from a population or a representative sample at one particular point in time.

Cross-sectional

A research design that analyzes data from a population, or a representative subset, at one specific point in time.

Longitudinal

A study setup where the same factors are observed multiple times over periods that can be either brief or extended.