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D You have just finished high schools. You are considering the following three options for your next step. You prefer the three options in the
D You have just finished high schools. You are considering the following three options for your next step. You prefer the three options in the following descending order. (1) Attend a four-year college; or (2) Start your own business; or (3) Work at company A full time. You can only take one of the three options. Use the given information to answer questions 42 - 45. Question 42 1.5 pts What is your opportunity cost if you choose to go to a college? The value of going to a college The value of starting your own business The value of working at company A full time The sum of the value of starting your own business and the value of working at company A full time.3 pts Question 43 Consider each of the following items separately, is it part of the opportunity cost of going to a college? (a) The higher salary you can get from having a college degree [ Select ] (b) The cost of college textbooks I Select (c) The profit you can make if you start your own business. [ Select ] Question 44 1.5 pts Suppose the economy is expanding, the profit you can make from your own business will go up if you choose to start your own business. Will the opportunity cost of going to a college increase, decrease, or remain unchanged? [Select ] Question 45 1.5 pts Suppose the economy enters a recession, company A offers you a lower salary. Will the opportunity cost of going to a college increase or decrease? [ Select ]
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