Which of the following would be most likely to increase your opportunity cost of attending college?
a. a recession in the economy that made finding a job more difficult
b. receiving a very attractive offer to start a job today that would permit you to earn about 50 percent more than you expected to make after graduation
c. the retirement of your favorite professor under whom you hoped to study during the next semester
d. information indicating that salaries were declining and that there were very few openings for college graduates in your field
B
You might also like to view...
A perfectly competitive firm is definitely making an economic profit when
A) MR < MC. B) P > ATC. C) P < ATC. D) P > AVC.
To affect the market outcome, a price ceiling
A) must be set below the equilibrium price. B) must be set below the legal price. C) must be set below the price floor. D) must be set below the black market price.