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ki77a [65]
3 years ago
15

Like a good economist, you calculated the opportunity cost of getting your college degree. suppose that at your university, you

will pay $12000 each year for tuition, $3000 each year for textbooks, and $12000 per year for room and board. before you left for college, your boss at your high-school job offered you a job paying $15000 per year. assume that if you decided not to go to college, your parents would not let you live at home. what is your opportunity cost for four years of college?
Business
2 answers:
vivado [14]3 years ago
8 0

The opportunity cost of going to college should include the direct costs of getting an education (tuition and books) plus the income you could have earned if you did not go to college. Over four years, the opportunity cost is equal to:


4 × ($15000  + $2500 + $20000) = $150000

VikaD [51]3 years ago
3 0
Opportunity cost of going to college is actually the salary forgone. 
With a yearly salary of $15,000 and a rent of $12000 yearly (parents would not let you live at home), we are left with $15000 - $12000 = $3000 per year 
For 4 years, the opportunity cost will be 4 x $3000 = $12000
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Answer:

D. $96,000

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total hours:  480 + 320 = 800

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3 years ago
A transnational organization is one where:
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Answer:

B. the global viewpoint supersedes national issues

Explanation:

A transnational organization is one that acts in a manner that is beyond the confines of a national state.

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The right option is B. the global viewpoint supersedes national issues.

5 0
4 years ago
Appalachian mountain goods has paid increasing dividends of $.10, $.12, $.15, and $.20 a share over the past four years, respect
ipn [44]
<span>the answer is 22.96 percent</span>
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4 years ago
What are considered part of a country’s infrastructure?
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3 years ago
You invest $1,000 now, at an annual simple interest rate of 6%. What is the effective rate of interest in the fifth year of your
Delvig [45]

Answer:

The effective rate of interest in the fifth year is 6.15%

Explanation:

Mathematically, the effective rate of interest can be calculated as follows;

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3 years ago
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