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After graduating from high school, Steve had three choices, listed in order of preference: (1) matriculate at our campus, (2) work in a printed circuit board factory, or (3) attend a rival college. His opportunity cost of going to college here includes which of the following? Select one: O a. the income he could have earned at the printed circuit board factory plus the direct cost of attending college here (tuition, textbooks, etc.) O b. the benefits he could have received from going to the rival college Oc. the income he could have earned at the printed circuit board factory plus the direct cost of attending college here (tuition, textbooks, etc.) plus the benefits he could have received from going to the rival college. O d. the cost of books and supplies at the rival college O e. only the tuition and fees paid for taking classes here е.

After graduating from high school, Steve had three choices, listed in order of preference: (1) matriculate at our campus, (2) work in a printed circuit board factory, or (3) attend a rival college. His opportunity cost of going to college here includes which of the following? Select one: O a. the income he could have earned at the printed circuit board factory plus the direct cost of attending college here (tuition, textbooks, etc.) O b. the benefits he could have received from going to the rival college Oc. the income he could have earned at the printed circuit board factory plus the direct cost of attending college here (tuition, textbooks, etc.) plus the benefits he could have received from going to the rival college. O d. the cost of books and supplies at the rival college O e. only the tuition and fees paid for taking classes here е.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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After graduating from high school, Steve had three choices, listed in order of preference: (1) matriculate at our campus, (2) work in a printed circuit board factory, or (3) attend a rival college. His opportunity cost of going to college here includes which of the following? Select one: O a. the income he could have earned at the printed circuit board factory plus the direct cost of attending college here (tuition, textbooks, etc.) O b. the benefits he could have received from going to the rival college Oc. the income he could have earned at the printed circuit board factory plus the direct cost of attending college here (tuition, textbooks, etc.) plus the benefits he could have received from going to the rival college. O d. the cost of books and supplies at the rival college O e. only the tuition and fees paid for taking classes here
Transcribed Image Text:After graduating from high school, Steve had three choices, listed in order of preference: (1) matriculate at our campus, (2) work in a printed circuit board factory, or (3) attend a rival college. His opportunity cost of going to college here includes which of the following? Select one: O a. the income he could have earned at the printed circuit board factory plus the direct cost of attending college here (tuition, textbooks, etc.) O b. the benefits he could have received from going to the rival college Oc. the income he could have earned at the printed circuit board factory plus the direct cost of attending college here (tuition, textbooks, etc.) plus the benefits he could have received from going to the rival college. O d. the cost of books and supplies at the rival college O e. only the tuition and fees paid for taking classes here
A tax placed on sellers of cable TV services will the price received by buyers of cable and causes the number of subscribers to Select one: O a. reduce; decrease O b. reduce; increase O. raise; increase O d. not change; decrease O e. raise; decrease
Transcribed Image Text:A tax placed on sellers of cable TV services will the price received by buyers of cable and causes the number of subscribers to Select one: O a. reduce; decrease O b. reduce; increase O. raise; increase O d. not change; decrease O e. raise; decrease
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