Unformatted text preview: has no bearing on the current cost. The cost would refer to marginal cost instead, so the cost of attending class would be the sleep that you were giving up, or something else that you could have been doing during taht class period. The cost of sleeping through class would be missing the information that was gone over in class as well as possibly receiving a zero on a pop quiz of some sort. 7. As the scientific research points to, I do think students at more expensive schools would study more, but I do not think it is due to the sole fact that they paid more. First of all, the students going to the more expensive school would probably have been better students in the first place because generally the admissions standards for the more expensive schoool would be higher. Also, since the more expensive school is most likely a better school, the classes would be harder and the students would have to study more just to do well anyways....
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This note was uploaded on 05/01/2008 for the course ECON 201 taught by Professor Wallace during the Fall '07 term at Wofford.
- Fall '07