Asked by
Nirali Patel
on Dec 12, 2024
Verified
Which of the following would be most likely to increase your opportunity cost of attending college?
A) a recession in the economy that made finding a job more difficult
B) receiving a very attractive offer to start a job today that would permit you to earn about 50 percent more than you expected to make after graduation
C) the retirement of your favorite professor under whom you hoped to study during the next semester
D) information indicating that salaries were declining and that there were very few openings for college graduates in your field
Opportunity Cost
The economic consequence of bypassing the nearest favorable option when making a choice.
Attractive Offer
A proposal or deal that is appealing and likely to be accepted by others.
Attending College
The act of being enrolled and participating in academic courses at a college or university.
- Understand the impact of opportunity costs on the decision-making processes of individuals and companies.
- Comprehend how economic incentives affect personal decisions related to employment, education, and consumer behavior.
Verified Answer
LG
Learning Objectives
- Understand the impact of opportunity costs on the decision-making processes of individuals and companies.
- Comprehend how economic incentives affect personal decisions related to employment, education, and consumer behavior.
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