Question
Tuition and fees at a state university are $5,000 per year. If Sara starts college this year she must quit her $25,000 per year job.
Tuition and fees at a state university are $5,000 per year. If Sara starts college this year she must quit her $25,000 per year job. Tyler is unemployed and also thinking of going back to school. Based on this information, which of the following is correct?
a. | The opportunity cost of attending the university is the same for each student. | |
b. | Tyler would be more likely to attend the university if he suddenly found a full-time job.
| |
c. | Tyler s opportunity cost of attending the university is greater than Saras opportunity cost of attending the university.
| |
d. | Saras opportunity cost of attending the university is greater than Tylers opportunity cost of attending the university.
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started