Consider Mandy's decision to go to college. If she goes to college, she will spend $20,000 on tuition, $10,000 on room and board, and $2,000 on books. If she does not go to college, she will earn $18,000 working in a store and spend $8,000 on room and board. Mandy's cost of going to college is
a. $32,000.
b. $42,000.
c. $50,000.
d. $58,000.
b
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When the goods market is returning to equilibrium following a decrease in the real interest rate, ________
A) saving and output are both rising B) saving and output are both declining C) saving is rising, while output declines D) all of the above E) none of the above
Draw the demand curve for a good whose price elasticity of demand is equal to zero. Be sure to label both axes. Explain what the graph represents.
What will be an ideal response?
In the contestable market oligopoly model, firms ________ produce where price exceeds marginal cost.
A. always B. are not legally allowed to C. never D. do not always
Total government expenditure as a percentage of GDP is lower in the United States than in Sweden
a. True b. False