Opportunity cost of attending two-year graduate program

Assignment Help Business Economics
Reference no: EM13852967

Zack quits his job at a consulting firm, which pays $40,000 a year, to enrol in a two-year graduate program. His annual school expenses are $30,000 for tuition, $2,000 for books, and $600 for food. What is his opportunity cost of attending the two-year graduate program?

Reference no: EM13852967

Questions Cloud

Review the learning resources especially to err is human : Review the Learning Resources, especially To Err is Human: Building a Safer Health System and the Crossing the Quality Chasm: A New Health System for the 21st Century.
Economic theory would suggest that the profitability : Economic theory would suggest that the profitability of an industry would be
Draw indifference curves to represent types of preferences : Santa Claus has preferences between milk and cookies. Draw indifference curves to represent the following types of preferences: a) Santa likes milk and cookies, and always gets the same satisfaction from 1 ounce of milk as he does 2 ounces of cookies..
The growth and success of starbucks : Evaluate the role played by Howard Schultz in the growth and success of Starbucks. Is the company in danger of relying too heavily on Mr. Schultz?
Opportunity cost of attending two-year graduate program : Zack quits his job at a consulting firm, which pays $40,000 a year, to enrol in a two-year graduate program. His annual school expenses are $30,000 for tuition, $2,000 for books, and $600 for food. What is his opportunity cost of attending the two-ye..
Suppose an olligopoly consists of two firms : Suppose an olligopoly consists of two firms Firm A lowers price and Firm B responds by lowering its price by the same amount. If averages costs and industry output remain the same, which of the following what will occur
The impact of banks and non-bank financial institutions : The impact of banks and non-bank financial institutions on economic growth
The change in the total quantity produced : The change in the total quantity produced which results when one more worker is added to the production process is called
Show the effect in the market for wooden furniture : Show the effect in the market for wooden furniture, if the president passes a new law that say you cannot cut down any trees

Reviews

Write a Review

 

Business Economics Questions & Answers

  How do they affect the results of the analysis

What are the variables of a regression analysis, and how do they affect the results of the analysis? What challenge does this pose to getting reliable results?

  Monetary policies instituted during the recession

Why do some economists believe the Fed needs to unwind monetary policies instituted during the recession? What is the risk in doing so?

  Elucidate situations which use the is-lm-fx model

Elucidate situations which use the IS-LM-FX model to illustrate the effects of the shock. For each case, state the effect of the shock on the following variables.

  What are the optimal units of labor

Suppose that in the short run k=100. Moreover, wage of labor is w=5 and price of the product is p=10. What are the optimal units of labor?

  What is the total cost of producing units

A firm has a fixed cost of $200 in its first year of operation. When the firm produces 99 units of output, its total costs are $4,000. The marginal cost of producing the 100th unit of output is $700. What is the total cost of producing 100 units?

  System encourage duplicative efforts

Does the patent system encourage duplicative efforts solely for the chance to be first.

  Financing the substantial budget deficits by borrowing

In 2011, the government of Greece ran into severe financial difficulties. For years, the Greek government had spent much more than it had received in tax revenue, financing the substantial budget deficits by borrowing.

  What is the average annual inflation rate on used equipment

Currently you can purchase a used 10 year old CAT 24D for $85,000. Ten years from now, you think that a comparable used machine will sell for $105,000. What is the average annual inflation rate on used equipment that you are expecting during this 10 ..

  Illustrate the consumer surplus that occurs

draw a supply and demand graph to illustrate the consumer surplus that occurs when the market is in equilibrium

  What are the characteristics of perfect competition

What are the characteristics of perfect competition? Why does this type of fast-food restaurant tend to display characteristics of perfect competition? Imagine you are running a firm with the characteristics of a perfectly competitive firm. Describe ..

  Short-run supply curve of competitive industry is derived

The short-run supply curve of a competitive industry is derived by. Along the long-run supply curve of an increasing-cost industry that is characterized by perfect competition, all of the following can vary except. For the case of an increasing-cost ..

  Assuming no more charges on the card are mad

You owe $1000 on your credit card. The APR is 18%, compounded monthly. The credit card company indicates that your minimum payment is $18.07. If you make only the minimum mouthy payment, how long will it take for you to repay the $1000 balance (assum..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd