Before you started applying for college, a job recruiter offered you a full-time cashier position at a doctor's office earning an after-tax salary of $23,000 per year. however, you turn down this offer and attend your first year of college. the additional monetary cost of college to you, including tuition, supplies, and additional housing expenses, is $36,000.
you decide to go to college, probably because
you value a year of college at more than $59,000
you value a year of college less than $36,000
you value a year of college at $36,000
you value a year of college at $23,000

The answer is: you value a year of college at more than $59,000

Explanation:

Your total economic cost of going to college for one year is the sum of the $36,000 you spent in tuition, supplies and other expenses plus your opportunity cost of going to college, which is $23,000 (the money you could have earned by doing something else).

Economic cost = $36,000 + $23,000 = $59,000

So if you decide to go to college, that means that the benefit you get from going there is greater than $59,000.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.