The opportunity cost of attending college Choose one answer. a. consists of the

Question

The opportunity cost of attending college
Choose one answer.
a. consists of the tuition costs plus the costs of room and board and other expenses.
b. both b and c
c. varies from person to person.
d. is zero, if the student receives a scholarship that covers the costs of tuition, room and board, and other expenses.
e. consists of the tuition costs only.
J L: 23.
Marks: 2
Currently, 100 units of good X are being produced and the opportunity cost of producing 1X is 3Y. If good X is produced at increasing opportunity costs, then when the economy produces 120 units of good X the opportunity cost of producing 1Y could be
Choose one answer.
a. 1/3X
b. 1X
c. 1/2X
d. none of the above
e. 1/4X
J L: 24. The law of increasing opportunity cost helps to explain why PPF

Explanation / Answer

c

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