Question

When Lucy chose a major, she likely thought about her skills. Lets say Lucy doesnt enjoy dealing with numbers. How could she explain to her parents, using logic from economics, why she chose to major in English instead of mathematics?

a. The opportunity cost of learning mathematics is too high.

b. The opportunity cost of learning to appreciate literature is too high.

c. The expected value of a major in English after graduation is low.

d. The expected value of a major in mathematics after graduation is high.

e. The opportunity cost of going to college is too low.

Answer

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