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

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.