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If your tuition is $20,000 this semester, your books cost $2,000, you can only work 10 rather than 40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $8,000 this semester, then your opportunity cost of attending college this semester is O a. $22,150. O b. $36,750. O c. $28,750. O d. $22,000.

If your tuition is $20,000 this semester, your books cost $2,000, you can only work 10 rather than 40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $8,000 this semester, then your opportunity cost of attending college this semester is O a. $22,150. O b. $36,750. O c. $28,750. O d. $22,000.

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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If your tuition is $20,000 this semester, your books cost $2,000, you can only work 10 rather than 40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $8,000 this semester, then your opportunity cost of attending college this semester is O a. $22,150. O b. $36,750. O c. $28,750. O d. $22,000.
Transcribed Image Text:If your tuition is $20,000 this semester, your books cost $2,000, you can only work 10 rather than 40 hours per week during the 15 weeks you are taking classes and you make $15 per hour, and your room and board is $8,000 this semester, then your opportunity cost of attending college this semester is O a. $22,150. O b. $36,750. O c. $28,750. O d. $22,000.
Which of the following would be the least likely result of a binding price ceiling imposed on the market for rental cars? Select one: O a. slow replacement of old rental cars with newer ones O b. an aCcumulation of dirt in the interior of rental cars Oc. poor engine maintenance in rental cars O d. free gasoline given to people as an incentive to a rent a car
Transcribed Image Text:Which of the following would be the least likely result of a binding price ceiling imposed on the market for rental cars? Select one: O a. slow replacement of old rental cars with newer ones O b. an aCcumulation of dirt in the interior of rental cars Oc. poor engine maintenance in rental cars O d. free gasoline given to people as an incentive to a rent a car
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