Opportunity cost is relevant in this situation. Your opportunity basically consists of the full amount of your college expenses plus the money you would've made when you have chosen to work instead of enrolling in school. <u>The opportunity cost of attending college is $260,000.</u>
The potential benefits that even a person, investor, or business forgo while choosing between two possibilities are known as opportunity costs. Opportunity costs can be easily disregarded since they are by nature invisible.
The opportunity cost would be the worth of what you forgo while making a decision among two or more choices. It's a basic principle that applies to both investing and daily life. The opportunity cost in investing would be the amount of cash you can lose by choosing one asset above another.
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The statement that is true of simon as an individual is; C: His annual deductible will be $800.
<h3>What is In-network Insurance?</h3>
For in - network insurance, we know the following facts;
- Charged a lower copayment rate after deductible.
- Incur a relatively low out-of-pocket amount.
- Have a relatively low annual deductible.
Now, in-network physicians help to reduce the cost of insurance to the individual and as a result, what is most likely going to happen is that Simon will have an annual deductible of $800 and is less likely that he will not pay anything after meeting this annual deductible.
The missing options are;
a. The cost of his annual physical will be 50% after deductible
b. The maximum amount that he can expect to pay out-of-pocket is $6,000.
c. His annual deductible will be $800.
d. Once he hits his annual deductible of $800, he will incur no additional costs for health care services for the rest of the calendar year.
Read more about in-network insurance at; brainly.com/question/26278533
Answer:
The Harlem Renaissance <u>was an intellectual and cultural revival of African American music, dance, art, fashion, literature, theater and politics centered in Harlem, Manhattan, New York City, spanning the 1920s and 1930s.</u>
<h2>I hope this helps you !! </h2>
Add all of the numbers together then multiple the sum to get ur answers
