Chloe's college raises the cost of room and board per semester. This increase raises Chloe's opportunity cost of attending college
A) even if the amount she would have to pay for room and board if she didn't attend college rose by the same amount.An increase in opportunity cost reduces Chloe's incentive to attend college.
B) even if the amount she would have to pay for room and board if she didn't attend college rose by the same amount.An increase in opportunity cost increases Chloe's incentive to attend college.
C) only if the amount she would have to pay for room and board if she didn't attend college rose by less than the increase in the amount her college charges.An increase in opportunity cost reduces Chloe's incentive to attend college.
D) only if the amount she would have to pay for room and board if she didn't attend college rose by less than the increase in the amount her college charges.An increase in opportunity cost increases Chloe's incentive to attend college.
Correct Answer:
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