Question

In the decision to walk or drive to school, which of the costs below are relevant to the decision?

O Parking Permit
O Textbooks Gas
O Student Fees
O Opportunity Cost
O Tuition

Answer 1

Relevant costs for the decision to walk or drive to school include Parking Permit, Gas, and Opportunity Cost. Textbooks, Student Fees, and Tuition are unrelated to the commuting choice.

Step-by-step explanation:

In the decision to walk or drive to school, the costs relevant to this decision are the Parking Permit, Gas, and Opportunity Cost.

The Parking Permit and Gas are direct monetary costs associated with driving. The Opportunity Cost refers to the value of the time spent driving that could otherwise be used for studying or other productive activities. Textbooks, Student Fees, and Tuition are fixed costs related to enrollment in college and are not directly affected by the decision to walk or drive.