Author Question: Suppose a student is attending your college on an athletic scholarship, and doesn't pay a penny for ... (Read 77 times)

lb_gilbert

  • Hero Member
  • *****
  • Posts: 588
Suppose a student is attending your college on an athletic scholarship, and doesn't pay a penny for tuition. According to the economic way of thinking, the student's cost of attending college is
 
  A) zero.
  B) bore completely by the college's athletic fund.
  C) positive, because the student sacrificed some other opportunity to attend your college.
  D) positive, because the student still needs food and housing.
  E) negative, because nobody really gains by trying to combine athletics with higher education.

Question 2

Car A gets 20 miles per gallon, and sells for 17,000. Car B gets 40 miles per gallon, and sells for 34,000. In the economic way of thinking, which car is more efficient?
 
  A) Car A
  B) Car B
  C) Both are equally efficient.
  D) It depends on the car buyer's estimate of cost and benefit.
  E) It depends on a number of statistical tests done by economists, the results of which are not stated in the question.



popopong

  • Sr. Member
  • ****
  • Posts: 307
Answer to Question 1

C

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

For a complete list of videos, visit our video library