What is the opportunity cost of going to college

Assignment Help Business Economics
Reference no: EM131392318

What is the opportunity cost of going to college? List the major explicit costs of attending a college. Also, list the main opportunity or implicit costs of going to college. What may be some of the opportunity costs of not attending and finishing a college degree? How can one compare the economic costs and benefits of going to college to determine whether one should attend college or not?

Reference no: EM131392318

Questions Cloud

Process model in bpmn using visio or a similar tool : End-of-study projects in an industrial environment is a mandatory part in the Bachelor curriculum. The students are not yet involved in the planning phase, where each research group interacts with its industry partners. As the project proposals ha..
Is smith employment contract enforceable : Highlight the pertinent facts; Identify the issue of law and/or fact posed by the case problem; What should be the decision in the case? On May 15, Smith brought an action against Green to recover the unpaid portion of the $48,000 salary. Is Smith’s ..
Triangle shirtwaist company fire : In the assigned material, note the business reasons that led to the conditions.  Note also the perceptions about employers and employees and the issues of equity, voice, and efficiency.  When you have finished reviewing the material, in the Week 2..
Internal business process using bpmn : A small company manufactures customized bicycles. Whenever the sales department receives an order, a new process instance is created. A member of the sales department can then reject or accept the order for a customized bike. In the former case, t..
What is the opportunity cost of going to college : What is the opportunity cost of going to college? List the major explicit costs of attending a college. Also, list the main opportunity or implicit costs of going to college. What may be some of the opportunity costs of not attending and finishing a ..
Market models of pure competition and pure monopoly : Compare and contrast the market models of Pure Competition and Pure Monopoly with respect to output, price, profitability, consumer surplus, producer surplus, total surplus, productive efficiency and allocative efficiency. Which market type is more d..
Differences between two leadership models : Compare and contrast the Managerial Grid and the Four Framework Approach. Read about both models in your text in Chapter 1 and write about their similarities and differences between these two leadership models.
Calculate the price elasticity of demand : Given two price-quantity pairs, be able to calculate the price elasticity of demand and determine if demand is relatively elastic or inelastic. Also, given a price change, be able to predict what it will do to total revenue. Given the price elasticit..
Calculate and plot the frequency of vibration of the block : Assume that the slope of the force-deflection curve at the point corresponding to F 5 mg can be used as an equivalent spring constant

Reviews

Write a Review

Business Economics Questions & Answers

  What happens to the mrs

what is the marginal utility of X? If a consumer moves downward along an indifference curve, what happens to the marginal utilities of X and Y? What happens to the MRS?

  Define the real interest rate

Define the real interest rate, r. Why does it differ from the nominal interest rate, i, in the presence of inflation? Why does the actual real interest rate, r, generally differ from the expected real interest rate, r^e? How does this relation depend..

  Calculate the annual rate of rate

(a) Basing your calculation on simple interest and giving your answer correct to four significant figures, calculate the annual rate of rate of interest paid to Barbara. (b) State your answer in (a) rounded to three significant figures.

  The demand relationship for the good

"The demand relationship for the good is P = 25 - 3Q. The supply relationship for the good is P = 5 + Q. Who bears the economic incidence of a tax if there is a $1 per unit tax on the buyer of this good? Who bears the statutory incidence? Who bears t..

  What will happen to the number of firms-the market supply

W hat will happen to the number of firms, the market supply, and the price of the good as we move from the short run to the long run?

  Examine the relative roles played by the federal government

When the GFC crisis hit, most of the developed world went into recession. According to the strict official definition of recession, Australia did not. Examine the relative roles played by the Federal Government, the Reserve Bank of Australia and f..

  The problem of the commons is the absence of incentives

The problem of the commons is the absence of incentives to

  Marginal cost curve for the firm-what is firm supply curve

A firm operates two factories. The cost function at the first plant is C_1(q1) = (q1)^2 + 8q1 + 5 and the cost function at the second factory is C_2(q2) = 0.5(q2)^2 + 2q2 + 10. Find and graph the marginal cost curve for the firm. What is the firm's s..

  A firm in a perfectly competitive market

A firm in a perfectly competitive market

  Drug and trade policies have impacted mexican migration

Explain how U.S. drug and trade policies have impacted Mexican migration. Your answer should provide descriptions of related policies, discuss the impact on Mexican communities, and theorize how these policies have motivated immigration.

  Economies of scale or the learning curve

Which do you believe is more important for a firm’s financial efficiency and success: economies of scale or the learning curve? Explain and be specific, giving examples, not discussed in class or the textbook, where possible to support your answer.

  Carbon tax could raise costs for industries

Carbon tax could raise costs for industries that consume large amounts of energy, but some sectors are better positioned to recover the cost increases than others so Could higher energy prices hurt U.S. competitiveness? what can be done about it?

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