User Account

All Pages

Opportunity cost for attending college for 1 year

Assignment Help Macroeconomics
Reference no: EM13331474

After graduating from HS, Ron plans to go to college. The college tuition is 15,000 a yr. But instead of going to college Ron can take a full time job that pays 20,000. If Ron decides to go to college, what is his opportunity cost for attending college for 1 year?

Reference no: EM13331474

Questions Cloud

Calculate his income and substitution effects of a decrease : Lou's preference over pizza(x) and other goods(y) are given by U(x,y) = xy, with associate marginal utilities MUx=y and MUy=x. His income is $120.
Calculate the monopolist profit : Suppose the demand curve for a monopolist is QD=500-P and the marginal revenue function as MR=500- 2Q The monopolist has a constant marginal and average total cost of $50 per unit a. find the monopolist's profit-maximizing output and prices. b) calcu..
Leadership vs. management : Leadership vs. management
Explain the precipitate is then filtered from the solution : When 50.0 mL of a 0.3000 M AgNO3 solution is added to 50 mL of a solution of MgCl2, and AgCl precipitate forms immediately. The precipitate is then filtered from the solution, dried, and weighed.
Opportunity cost for attending college for 1 year : After graduating from HS, Ron plans to go to college. The college tuition is 15,000 a yr. But instead of going to college Ron can take a full time job that pays 20,000. If Ron decides to go to college, what is his opportunity cost for attending colle..
What alternatives did you consider : Give an example of how the Principle of Opportunity Cost applies to your life. Think of a recent decision you made. It could be a decision as simple as whether to eat out or cook your own dinner, or it could be a decision to quit your job and go back..
What are the most significant challenges facing you as manag : You have just been hired to manage a retail store located in a small shopping center on the outskirts of a large city.  The store sells low end household, hardware and convenient items (similar to a Family Dollar).  Previously, the store was privatel..
Nominal interest rate that their savings will earn explain : When deciding how much of their income to save for retirement, should workers consider the real or the nominal interest rate that their savings will earn? Explain.
Explain carbon-carbon sigma bond in the molecule allene : Each carbon-carbon sigma bond in the molecule allene (C3H4) is formed by the overlap of a ___ orbital on each end carbon with a ___ orbital on the central carbon.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Should he work more hours in the second period than in the

If a guy live in two period, the wage for first period is $8, and the wage for second period is $10, Should he work more hours in the second period than in the first period?

  How effective are wto in pursuing the mission

Describe the mission of the World Trade Organization. How effective are they in pursuing this mission What do you see as the future outlook for the WTO? Be sure to consider both challenges and opportunities.

  Describe how a nurse pay is determined

Describe how a nurse's pay is determined and how the salary is structured. Discuss what your chosen state can do to increase the supply of nurses.

  Identify market characteristics and productive efficiency

Identify a particular industry that meets the criteria for Pure Competition or Monopoly. Explain clearly why you think the industry is in Pure Competition or is a Monopoly and evaluate it from perspectives of efficiency and equity.

  Discussion on shareholders and management

Determine what activities should we look for in order to estimate if an entrenched management is taking actions that would harm us as shareholders?

  Compute a marginal cost and an average cost schedule

Suppose that a firm in a perfectly competitive industry has the following total cost schedule; Compute a marginal cost and an average cost schedule for the firm.

  Impact of shifts in demand curve for bison

Which of these would cause the demand curve for bison (American buffalo)

  What possible solution is suggested by the coase theorem

Almond growers in CA are very concerned. Normally, honey producers would keep their bees next to almond orchards, where the bees would gather nectar and pollinate the almond trees. Lately however, bee keepers have moved to Arizona where it is chea..

  Analyze the current state of the us economy

Make a presentation for Board which examines the current state of the United States economy. Use the Library to discover the up to date information required.

  Suppose that new entry decreased your demand elasticity from

Suppose that new entry decreased your demand elasticity from -2 to -3 (made demand more elastic). By how much should you adjuct your price of $10?

  What is an attractive feature of the current tax system

Because the structure of the personal income tax is progressive, a larger share of income is taxed at higher rates as real income increases. Therefore, economic growth automatically results in higher taxes unless offsetting legislative action is d..

  How do automatic stabilizers affect budget deficits

How do automatic stabilizers affect budget deficits and surpluses How would automatic stabilizers be affected by an annually balanced budget rule Why do automatic stabilizers minimize the lag problems with fiscal policy

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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