Which of these states one of the opportunity costs of attending college?

1 answer:

7 0

One of the opportunity costs of going to college is not being able to take a job. By choosing to go to college, you will give up the income you would have earned on the job. Jobe experience you would have acquired. Another opportunity costs going to college is the cost of tuition, books, supplies, and so on.

You might be interested in

Pick Industries produces plastic toothpicks that it sells to distributors in the Southwest. During the early 1990s, the price of

Cerrena [4.2K]

Answer:

Other things equal, the fall in the price of plastic would shift Pic's marginal cost curve to the right. To maximize profits, Pic should increase its output. Since other firms in the industry do not enjoy the reduction in marginal costs, the market supply curve would not change and the market price of toothpicks would remain unchanged. Pic Industries would enjoy higher profits in the short-run

4 0

3 years ago

What is a budget for major investment expenditures called?

12345 [234]

Capital budget is the budget for major investment expenditures. Capital budgeting is the process of planning whether a certain investment will be a long term investment or a short term investment. Expenditure is the amount of money spent for a certain investment.

5 0

4 years ago

Determine fixed cost, F; average variable cost, AVC; average cost, AC; marginal cost, MC; and average fixed-cost, AFC. The

Rom4ik [11]

Answer:

Fixed Cost Function = Average Cost - Average Variable cost

Explanation:

A fixed cost is the one which does not changes with the level of production. These cost are irrelevant to number of units production. It is not affected by the units produced and sold. The change in fixed cost does not affect the marginal cost. The marginal cost is the variable cost that is incurred by producing one more unit. These costs are affected by the level of production.

5 0

4 years ago

Lori purchased a home for $250,000 with an additional $5,000 in related purchase costs and then added a garage at a cost of $25,

Tanzania [10]

Answer: $10,000

Explanation:

If you purchase a house and pass the ownership test of having lived in the house for at least 2 years in the past 5, you can exclude $250,000 from the capital gains as a single person.

Lori passes the ownership test and so can claim the tax exclusion.

Capital gain:

= Cash received - Purchase costs

= (575,000 - 35,000) - (250,000 + 5,000 + 25,000)

= $260,000

After claiming exclusion of $250,000

= 260,000 - 250,000

= $10,000

3 0

3 years ago

Burger Store is located near many large office buildings, so at lunch it is extremely busy. Burger Store management previously p

lawyer [7]

Answer:

The cost of those meals should be tax-free to employees

Explanation:

The lateness of employees to their respective duties after lunch obviously affected business, negatively. This negative impacts of lateness were solved by lunch planning.

For convenience sake of the employer, employer paid meals were furnished within the business environment. Because employees were late from lunch, employer arranged free meals in order for employees to be on time from lunch.

As long as lateness has been reduced then their meals should be tax free.

7 0

3 years ago