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Sublight2097 Sublight2097
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Posts: 4132
6 years ago
"Dad said he'd pay for my education whether I go to State or to Ivy College. So I chose Ivy College, even though it'll cost him $15,000 more in tuition each year!" Pick the correct statement:
A) Her opportunity cost is $15,000 each year.
B) Her opportunity cost is the satisfaction she would have experienced at State.
C) Whether she realizes it or not, her opportunity cost is infinite, just like her dad's love is infinite.
D) She has no opportunity cost, because her dad will pay for her education.
Textbook 

The Economic Way of Thinking


Edition: 13th
Authors:
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Chimelo46Chimelo46
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6 years ago
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6 years ago
Seriously, you've been tremendously helpful! Thank you.
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6 years ago
It was nothing, thanks for updating us.
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3 weeks ago
TY :)
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