1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Solnce55 [7]
3 years ago
7

If Jane attends graduate school, it will take her two years, during which time she will earn no income. She will pay a total of

$100,000 for tuition, $20,000 for room and board, and $2,000 for books. If she spends the two years working rather than attending college, she will pay a total of $18,000 for room and board, pay no intuition, and buy no books. Based on this information, Jane's economic cost of attending graduate school would be $175,000 if, over the two years, she could earn a total of ________.a. $53,000 instead of attending graduate school.
b. $55,000 instead of attending graduate school.
c. $71,000 instead of attending graduate school.
d. $73,000 instead of attending graduate school.
Business
1 answer:
almond37 [142]3 years ago
4 0

Answer:

C. $71,000 instead of attending graduate school

Explanation:

Given that

Economic cost = 175000

Recall that

Economic Cost = Accounting (Explicit) Cost + Implicit Cost

Accounting Cost = Tuition + room + books

= 100000 + 20000 + 2000

= 122000

Implicit Cost = Opportunity cost of attending the school. So,

Assuming money earned from job = a

Then,

Spending if she gets the job = 18000 on room.

Therefore,

Implicit cost = a - 18000

We have

Economic Cost = 122,000 + (a - 18000)

175000 - 122000 + 18000 = a

53000 + 18000 = a

71000 = a

Remember

a = money earned from job

Thus

Money she could earn in 2 years instead of attending graduate school = $71,000

You might be interested in
Which energy system provides energy for tasks that demand a high rate of energy expenditure for a short period of time?
andriy [413]

The energy system which provides energy for tasks that demand a high rate of energy expenditure for a short period of time is 3-5 days/week, 55-90% of HRmax, 20-60 minutes, aerobic activity.

In economics, demand is the amount of a good that customers are inclined and capable of purchase at diverse prices at some point of a given time. the connection between price and quantity demand is likewise referred to as the demand curve

Demand is the amount of consumers who're inclined and in a position to shop for products at numerous fees at some stage in a given period of time. demand for any commodity implies the purchasers' desire to gather the good, the willingness and capability to pay for it.

For instance, if a patron is hungry and buys a slice of pizza, the primary slice can have the finest advantage or application. With every additional slice, the purchaser becomes greater happy, and software declines. In idea, the primary slice may fetch a higher price from the purchaser.

Learn more about demand here:brainly.com/question/1245771
#SPJ4

4 0
1 year ago
Your company sells consulting services in legal forecasting to multinationals studying foreign market entries. In some countries
enot [183]

Chances are that when your company, which sells consulting services to multinationals, is forecasting legal decisions in <u>domestic markets</u>, the predictions will be MUCH MORE accurate than when forecasting legal decisions in <u>foreign markets</u>.

<h3>What is the difference between domestic and foreign markets?</h3>

The difference between domestic and foreign markets is that a company offering forecasting legal decisions will be very more familiar with the domestic market than the decisions that can be taken in foreign markets.

Chances are that when your company, which sells consulting services to multinationals, is forecasting legal decisions in <u>domestic markets</u>, the predictions will be MUCH MORE accurate than when forecasting legal decisions in <u>foreign markets</u>.

Learn more about domestic and foreign markets at brainly.com/question/15115779

8 0
2 years ago
Mister Plow has contracted to perform snow removal services for the city of Springfield. Record snowfall has more than doubled t
trasher [3.6K]

Answer:

Fixed price contract

Explanation:

A fixed price contract states that price for services rendered is fixed as mentioned in the contract irrespective of time taken and resources used.

Price cannot be revised in case effort and time has increased more than expected. In this case, Mister Plow cannot ask for more money as service contracts are fixed price contracts and terms of contract including price cannot be changed.

7 0
3 years ago
The main goal of auditing internal control is Group of answer choices To allow the auditor to fix any internal control deficienc
mafiozo [28]

Answer:

To evaluate the effectiveness of controls over all relevant financial statement disclosures in the financial statements.

Explanation:

In Accounting, an internal control is a mechanism, procedure, rule or policy designed by management to secure assets, promote efficiency, ensure accountability and prevent fraudulent behavior in an organization.

The main goal of auditing internal control is to evaluate the effectiveness of controls over all relevant financial statement disclosures in the financial statements.

6 0
3 years ago
4. Wilford has developed a leg pillow for long airline flights that reduces the risk of blood clots. He isn't sure how to develo
Viefleur [7K]

To learn how people are searching online, a keyword analysis would be most relevant.

8 0
3 years ago
Other questions:
  • If a question on a job application does not pertain to you in any way, simply write
    7·1 answer
  • Which of these job characteristics would result in the learning curve having less of an effect?
    10·1 answer
  • Inventory at the beginning of the period had a debit balance of $7,000, and a debit balance of $10,000 at the end of the period.
    9·1 answer
  • "Logistics" has essentially the same meaning as which of the following terms?
    5·2 answers
  • In the quest to achieve competitive advantage in global markets, competitive pressures require that firms do what they can to __
    7·1 answer
  • The product-variety externality is associated with the A. consumer surplus that is generated from the introduction of a new prod
    10·1 answer
  • Frisco Corporation is analyzing its fixed and variable costs within its current relevant range. As its cost driver activity chan
    13·1 answer
  • Describe at least 3 Marks of Good Leadership that you feel you have. (Take your time)
    5·1 answer
  • Abigail has an inheritance tax lien placed on all of her property. What kind of a lien is it?
    14·1 answer
  • Describe the 5 office layout.​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!