FC5: Human capital, opportunity cost, cost/benefit analysis
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Last updated almost 6 years ago
5 questions
1
An investment in human capital leads to
An investment in human capital leads to
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The next best alternative you give up when making a choice is called
The next best alternative you give up when making a choice is called
1
If you choose to go to college full time rather than going directly to work after graduation, your opportunity cost would be
If you choose to go to college full time rather than going directly to work after graduation, your opportunity cost would be
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When weighing the expected benefits and costs of your actions, you are involved in what kind of decision making process?
When weighing the expected benefits and costs of your actions, you are involved in what kind of decision making process?
1
When making a rational decision, how are the marginal benefit(MB) and marginal cost(MC) related to each other?
When making a rational decision, how are the marginal benefit(MB) and marginal cost(MC) related to each other?