Andrea invests $20,000 in tuition fees for her three years of college education.Had she worked those three years, she could have earned a total of $8,000.Identify the correct statement from the following.
A) The opportunity cost of her college education is $20,000.
B) The investment cost of college consists of $20,000.
C) The investment cost of her college degree is $28,000.
D) The opportunity cost of her college education is $28,000.
Correct Answer:
Verified
Q28: The general health of the population of
Q29: A written contract between an employer and
Q30: Assume that a firm is operating in
Q31: A competitive firm produces notebooks which sell
Q32: _ is an example of specific human
Q34: An important distinction between the labor market
Q35: Which of the following methods could be
Q36: In which of the following cases is
Q37: In competitive markets, the elasticity of labor
Q38: The following figure gives the total
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents