User Account

All Pages

Opportunity cost for gabrielle to pursue a master degree

Assignment Help Macroeconomics
Reference no: EM132655440

Gabriella has decided to complete a one year master's degree in Sociology. The tuition fee is $3,000 and she expects to spend $700 in textbooks. She is going to give up her full-time job with an annual salary of $25,000 but she is going to work part time as a research assistant at the department of Sociology which will give her a salary of $5,000 per year. Her living expenses (food, rent, cloth, etc.) will remain the same as before, and amount $18,000 a year. What is the opportunity cost for Gabrielle to pursue a master degree? What is the total economic cost of her decision?

Reference no: EM132655440

Questions Cloud

Definitions of the principles of professional conduct : How review the terms and definitions identified in the "Principles of Professional Conduct" section of the preamble to the AICPA Professional Code of Conduct.
Evaluating variances from standard costs : Evaluating Variances from Standard Costs. Budgeting is used to project revenue and costs into the future, typically twelve months.
What is the taxable portion in social security benefits : The Social Security benefits for the year would be $12,000. What is the taxable portion of the $12,000 in Social Security benefits
Compute the couple adjusted gross income on a joint return : Linda and Don are married and file a joint return. Compute the couple's adjusted gross income on a joint return
Opportunity cost for gabrielle to pursue a master degree : What is the opportunity cost for Gabrielle to pursue a master degree? What is the total economic cost of her decision?
Analysis of amazon most recent financial statements : Analysis of Amazon's most recent financial statements, predict whether Amazon's financial health will likely improve or deteriorate over the next five years.
Draw the ppf and indicate the position of country : Country C produces both pens and pencils and there are no unemployed people. Draw the PPF and indicate the position of each country.
Calculate Herbert gross income : Herbert was employed for the first six months of 2019 and earned $90,000 in salary. Calculate Herbert gross income
Find natural rate of unemployment : Can the natural rate of unemployment increase in any given economy over time? What are some of the ways in which this could happen (mention at least 3)?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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