Opportunity cost of attending the two-year graduate program

Assignment Help Business Economics
Reference no: EM13860262

Zack quits his job at a consulting firm, which pays $40,000 a year, to enroll 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: EM13860262

Questions Cloud

Economic theory would suggest that profitability : Economic theory would suggest that the profitability of an industry would be
Analyze the relationship between leadeership style : analyze the relationship between leadeership style and organizational structure in an IT organization
Describe effects that social media had on the vw scandal : Discuss the ways that CRM systems will be leveraged during the recall process and discuss the ways that Supply Chains are impacted during the recall process
Difference in mean systolic blood pressures : Generate a 95% confidence interval for the difference in mean systolic blood pressures between groups. Generate a 95% confidence interval for the difference in proportions of patients with hypertension between groups
Opportunity cost of attending the two-year graduate program : Zack quits his job at a consulting firm, which pays $40,000 a year, to enroll 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-y..
Suppose an olligopoly consists of two firms firm : 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
Find the shape and dimensions of country : There are 20,000 hours of labor for country A. 5 hours of labor are required to produce 1 unit of S, while 4 hours are required to produce 1 unit of T. Find the shape and dimensions of country A's PPF.
Innovation is the strategy of innovating in emerging : Reverse Innovation is the strategy of innovating in emerging (or developing) markets and then selling these innovations in developed markets. Companies are developing products in emerging countries like China and India for global distribution. How wi..
How can supply chain management : How can Supply Chain Management (SCM) improve the Five Forces pressing in on the enterprise's room to produce excellent financial results and how can SCM have each effect that you describe, on the Five Forces?  Also please describe how the enterprise..

Reviews

Write a Review

Business Economics Questions & Answers

  How price level would necessarily fall

If personal taxes were decreased and input productivity increase simultaneously, the equilibrium: output would rise, fall, price level would necessarily fall, or price level would necessarily rise.

  How protect the population rather than for economic reason

Among which of the following receives government subsidies that are in place to protect the population rather than for economic reasons.

  Impact of merger control on economy-wide market structure

What are the studies that control for changes in technology, capital availability and perhaps other factors and quantify the impact of merger control on economy-wide market structure/concentration measures?

  What was unemployment rate-labor force participation rate

(All numbers in the thousands) In May 2015, the civilian non-institutional population was 250,455. The number of employed workers was 148,795. The number of unemployed workers was 8,674. The number not in the labor force is 92,986. What was the unemp..

  How a change in us money supply affects interest rate

We want to consider elucidate how a change in the U.S. money supply affects interest rates. On all graphs label initial equilibrium point A.

  What will the resulting quantities demanded and supplied

A proposal has been made to increase the price paid by the consumers to the suppliers to $40. What will the resulting quantities demanded and supplied and the resulting utilization be?

  Explain how do you think that these individuals would rank

Explain how do you think that these individuals would rank the utility of these same expenses for themselves. What reasons may account for the similarities and differences in the ranking of such expenditures by your neighbor, your friend, and your..

  How to adjust national income

Below is a list of domestic output and national income figures for a given year. All figures are in billions. The questions that follow ask you to determine the major national income measures by both the expenditure and income methods. The results..

  Analysis to identify the effect of the job training

Suppose that between 2003 and 2007, one group of individuals (Group 1) received job training while another otherwise similar group (Group 2) did not. Suppose that the average earnings of the first group went from $40,000 per year to $55,000 per year,..

  Explain your response and show any movements in the ppf

terrorist attacks on the World Trade Center and the Pentagon affected short and/or long-term productivity in the United States. Explain your response and show any movements in the PPF.

  Circular flow diagram

Explain how the circular flow diagram relates to the current economic situation.

  Determine which should be selected at a discount rate

Use the B/C method to determine which should be selected at a discount rate of 0.75% per month over a 6-year study period.

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