30 Apr Question: You have just woken up and are trying to decide whether to attend an upcoming lecture. The follow…
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.
First empty space ____ should/ should not
Second empty space _____ marginal /sunk/ opportunity
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