You have just woken up and are trying to decide whether to attend an upcoming lecture. The following are the costs and benefits you are considering. Tuition is $7,000 per semester; Books are $500 per semester; Driving to class is $10; Wages earned if you went to work instead are $35; How much you value an extra hour of sleep = $25; The cost of tuition and books be included in your calculations because they are an example of_ costs. Group of answer choices A) should not; sunk B) should; sunk C) should; marginal D) should not; marginal E) should; opportunity
You have just woken up and are trying to decide whether to attend an upcoming lecture. The following are the costs and benefits you are considering. Tuition is $7,000 per semester; Books are $500 per semester; Driving to class is $10; Wages earned if you went to work instead are $35; How much you value an extra hour of sleep = $25; The cost of tuition and books be included in your calculations because they are an example of_ costs. Group of answer choices A) should not; sunk B) should; sunk C) should; marginal D) should not; marginal E) should; opportunity
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![You have just woken up and are trying to decide whether to attend an upcoming lecture. The following are the costs
and benefits you are considering. Tuition is $7,000 per semester; Books are $500 per semester; Driving to class is
$10; Wages earned if you went to work instead are $35; How much you value an extra hour of sleep = $25; The cost of
be included in your calculations because they are an example of
tuition and books.
costs.
Group of answer choices
A) should not; sunk
B)should; sunk
C) should; marginal
D) should not; marginal
E) should; opportunity](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff71f2fcd-4cb1-4a93-be65-bd79f9650b48%2F115f7483-659e-4c95-a742-b0fb1eacd65c%2Fa2zn6m7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You have just woken up and are trying to decide whether to attend an upcoming lecture. The following are the costs
and benefits you are considering. Tuition is $7,000 per semester; Books are $500 per semester; Driving to class is
$10; Wages earned if you went to work instead are $35; How much you value an extra hour of sleep = $25; The cost of
be included in your calculations because they are an example of
tuition and books.
costs.
Group of answer choices
A) should not; sunk
B)should; sunk
C) should; marginal
D) should not; marginal
E) should; opportunity
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