Economic growth can be illustrated by an outward shift of the PPC

Suppose your expenses for this term are as follows: tuition: $10,000, room and board: $6,000, books and other educational supplies: $1,000

Further, during the term, you can only work part-time and earn $8,000 instead of your full-time salary of $20,000. What is the opportunity cost of going to college this term, assuming that your room and board expenses would be the same even if you did not go to college? A) $11,000 B) $17,000 C) $23,000 D) $29,000

Common knowledge in game theory

A) is information known by all players. B) is required for static games. C) does not impact the outcome of the game, since everyone has the information. D) Both A and B.