Alex received a fouryear scholarship to State U.that covered tuition and fees, room and board, and books and supplies.If Alex becomes a fulltime student, then:
A) attending State U.for four years is costless for Alex.
B) Alex has no incentive to study hard while at State U.
C) the opportunity cost of attending State U.includes the money Alex could have earned working for four years.
D) the opportunity cost of attending State U.includes the sum of the benefits Alex would had from attending each of the other schools to which he was admitteD.Even though Alex has no outofpocket costs, by attending State U Alex would be giving up on 4 years worth of earnings.
Correct Answer:
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