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Some university students think that because a university degree greatly increases their earning potential there is no opportunity cost of attending university. How would an economist look at the matter? a. There is no opportunity cost, assuming that future earnings actually increase as expected. b. The opportunity cost is much less than it would appear, assuming that earnings increase. c. Opportunity cost is a meaningless concept in this situation. d. The university students are completely correct in all respects. e. There is still an opportunity cost, even if it is justified by higher future earnings.
Some university students think that because a university degree greatly increases their earning potential there is no opportunity cost of attending university. How would an economist look at the matter? a. There is no opportunity cost, assuming that future earnings actually increase as expected. b. The opportunity cost is much less than it would appear, assuming that earnings increase. c. Opportunity cost is a meaningless concept in this situation. d. The university students are completely correct in all respects. e. There is still an opportunity cost, even if it is justified by higher future earnings.
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Elin HesselLv2
28 Jul 2018
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