Author Question: Suppose a student is attending your college on an athletic scholarship, and doesn't pay a penny for ... (Read 95 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?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

For a complete list of videos, visit our video library