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Author Question: Dad said he'd pay for my education whether I go to State or to Ivy College. So I chose Ivy College, ... (Read 175 times)

LaDunn

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on: Jun 29, 2018
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.

Question 2

A minimum wage policy is an example of a ________.
 
  A) price ceiling
  B) price floor
  C) positive externality
  D) negative externality


joneynes

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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