When You Chose a Major,you Likely Thought About Your Skills

question 89

Multiple Choice

When you chose a major,you likely thought about your skills.Let's say you don't enjoy dealing with numbers.How could you explain to your parents,using logic from economics,why you chose to major in English instead of mathematics?

• A) The opportunity cost of learning mathematics is too high.
• B) The opportunity cost of learning to appreciate literature is too high.
• C) The expected value of a major in English after graduation is low.
• D) The expected value of a major in mathematics after graduation is high.
• E) The opportunity cost of going to college is too low.

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Definitions:

Supply Chain

The network of individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and on to its final customer.

Demand Impact

The effect that changes in demand have on the business operations, supply chain, or the market as a whole.

Promotion

Marketing strategies and tactics used to increase awareness, interest, and sales of a product or service.

Marginal Subcontracting Cost

The additional cost incurred by hiring a subcontractor to produce one more unit of a good or service.