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,Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf
Here are the costs of going to college: tuition $5,000; A. $16,200
books $200; housing $1,000; food $1,000; lost income from
work $10,000. Studying and work are equally desirable in
your mind. Suppose that you could live at home at no cost
to you if you worked, but must live on campus if you go to
school. What is the total opportunity cost to you of going
to school rather than working?(Food costs the same at
school or home.)
A. $16,200
B. $7,200
C. $5,200
D. $15,200
You are considering renting a car for the weekend. It costs b- $60
$200 for the car plus $0.20 per mile(including gas).
Suppose you have already rented the car for the week and
then add the 300mile addition to your trip. Now what is the
cost of the journey?
A. $100
B. $60
C. $260
D. $0
Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf
, Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf
You are considering renting a car for the weekend. It costs A. $10
$200 for the car plus $0.20 per mile(including gas). If you
decide to take a detour that adds 50 miles above the 300
miles, what is the cost of the detour?
A. $10
B. $70
C. $270
D. $200
You can drive to campus, take a bus, or walk. Driving costs c. $2
you $1/mile in gas and maintenance, the bus costs $1 for
unlimited distance, and walking is free but involves a
disutility equivalent to$1/mile. If you live 2 miles from
campus and are a rational decision-maker, what is your
reservation price for a bus ticket?
A. $0
B. $1
C. $2
D. $4
Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf
Microeconomics
and Behavior
Microeconomics
and
TestBehavior
1 Study and
Guide
TestBehavior
1 2026
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Guide
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Study
Economics
Behavioral
Guide 2026
Fundamentals
Economics
BehavioralFundamentals
Exam
Economics
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Fundamentals
Exam
and
Questions
Answers.pdf
Examand
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and Answers.pdf
Microeconomics
and Behavior Test
1 Study Guide 2026
Behavioral
Economics
Fundamentals
Exam Questions
and Answers
Microeconomics
Microeconomics
and Behavior
Microeconomics
and
TestBehavior
1 Study and
Guide
TestBehavior
1 2026
StudyBehavioral
Guide
Test 1 2026
Study
Economics
Behavioral
Guide 2026
Fundamentals
Economics
BehavioralFundamentals
Exam
Economics
Questions
Fundamentals
Exam
and
Questions
Answers.pdf
Examand
Questions
Answers.pdf
and Answers.pdf
,Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf
Here are the costs of going to college: tuition $5,000; A. $16,200
books $200; housing $1,000; food $1,000; lost income from
work $10,000. Studying and work are equally desirable in
your mind. Suppose that you could live at home at no cost
to you if you worked, but must live on campus if you go to
school. What is the total opportunity cost to you of going
to school rather than working?(Food costs the same at
school or home.)
A. $16,200
B. $7,200
C. $5,200
D. $15,200
You are considering renting a car for the weekend. It costs b- $60
$200 for the car plus $0.20 per mile(including gas).
Suppose you have already rented the car for the week and
then add the 300mile addition to your trip. Now what is the
cost of the journey?
A. $100
B. $60
C. $260
D. $0
Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf
, Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf
You are considering renting a car for the weekend. It costs A. $10
$200 for the car plus $0.20 per mile(including gas). If you
decide to take a detour that adds 50 miles above the 300
miles, what is the cost of the detour?
A. $10
B. $70
C. $270
D. $200
You can drive to campus, take a bus, or walk. Driving costs c. $2
you $1/mile in gas and maintenance, the bus costs $1 for
unlimited distance, and walking is free but involves a
disutility equivalent to$1/mile. If you live 2 miles from
campus and are a rational decision-maker, what is your
reservation price for a bus ticket?
A. $0
B. $1
C. $2
D. $4
Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf Microeconomics and Behavior Test 1.pdf
