Discuss what the opportunity cost of attending college

Assignment Help Microeconomics
Reference no: EM133711915

Question: Provide your own definition of "opportunity cost". Discuss what the opportunity cost of attending college is for you, noting that the concepts of opportunity costs and explicit monetary costs are not the same.(This part has to be based on the assigned readings, sufficiently detailed and include a relevant reference line.

Reference no: EM133711915

Questions Cloud

Medical care provided on outpatient basis : Ambulatory care, also known as outpatient care, refers to any kind of medical care provided on an outpatient basis.
What is the first step you should follow when conducting : What is the first step you should follow when conducting the basic cost-benefit analysis? A. Collect as much information as you can on all possible options
Describe rubella disease : Describe rubella disease. What are the sign and symptoms. In which country/ situation is it prevalent. What are the demographics
What is racial profiling : What types of problems does it cause with law enforcement? How difficult is it to determine if an individual was stopped solely based upon their race?
Discuss what the opportunity cost of attending college : Discuss what the opportunity cost of attending college is for you, noting that the concepts of opportunity costs and explicit monetary costs are not the same
What is the opportunity cost of attending college for you : What is the opportunity cost of attending college for you? What is the best alternative you give up to attend college?
Counselling skills encompass techniques : Effective Problem-Solving and Decision-Making: Counselling skills encompass techniques for exploring and clarifying issues, identifying goals,
Care coordination is key in nursing to provide safe quality : Care Coordination is key in Nursing to provide safe quality care. we can be putting up the patient for failure once out in the community.
What economic factors caused these shifts in as : During the great recession between 2007-2009 how did the AS/DS equiliberium change over time, What economic factors caused these shifts in AS or DS or both

Reviews

Write a Review

Microeconomics Questions & Answers

  What is the project first cost

John's project has a five year term, a first cost, no salvage value, and annual savings of $20000. After doing present worth and annual worth calculations.

  How can unforeseen circumstances effect the economy?

How can unforeseen circumstances effect the economy

  What is the mrs at any point if x is a neutral good

What is the MRS at any point if x is a neutral good? Explain why. If the good on the y axis was a neutral good and the other good was a regular good.

  Evaluate your view in terms of the external economy model

It is often argued that the existence of increasing returns is a source of con?ict between countries. Evaluate this view in terms of the external economy model.

  Develop a competitive profile matrix for coca-cola

Go to Chapter and do Exercise 3B "Develop a Competitive Profile Matrix" for Coca-Cola. Loyola University.

  Supply elasticity of airline tickets is less than infinity

In 1997, the Federal government reinstated a ten percent excise tax on airline tickets. The industry bid to pass on the full ten percent ticket tax but was only able to boost fares by four percent.

  How much money will this bond pay out over its lifetime

coupon payments for 46 months with a maturity bonus of $282.00. How much money will this bond pay out over its lifetime

  Summarize the expenditures for the country of xyz

The following data summarize the expenditures for the country of XYZ during 2003 in millions of alphabet, the currency of country XYZ.

  Estimate the current proportion of individuals

What sample size would you recommend if the committee's goal is to estimate the current proportion of individuals without health care insurance

  How can economic value added statements be used

How can Economic Value Added (EVA) statements be used to improve financial statement reporting, results, and success? What are some problems found with EVA?

  Price elasticity of demand depends on various factors

Price elasticity of demand depends on various factors. Explain each factor with the help of an example and how how producers equilibrium is achieved with isoquants and isocost curves.

  How responsive do you think consumers will be

How responsive do you think consumers will be to the price change when these fluctuations occur due to changes in supply? Why? Use the various determinants.

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