What is the opportunity cost of attending graduate program

Assignment Help Microeconomics
Reference no: EM132151902

Question: Kalea quits her job, which pays $40,000 a year, to enrol in a two-year graduate program. Her annual school expenses are $30,000 for tuition, $2,000 for books, and $600 for food. What is her opportunity cost of attending the two-year graduate program?

Reference no: EM132151902

Questions Cloud

Explain the capabilities of the software : Discuss how companies that work using the E-business model can obtain a competitive advantage in relation to traditional businesses.
Define effect on the risk of material misstatement : Dag Nilsson, Auktoriserad Revisor (AR), considers the audit risk at the financial statement level in the planning of the audit of the financial statements.
Is sundback liable to the lessor : Auditor's Opinion on the Occurrence of Fraud. Sundback, CGR, is the auditor for Upseerin Manufacturing, a privately owned company in Espoo, Finland.
Provide a workflow diagram in visio or equivalent software : Describe the types of business needs that can be addressed using information technology-based solutions.
What is the opportunity cost of attending graduate program : Kalea quits her job, which pays $40,000 a year, to enrol in a two-year graduate program. Her annual school expenses are $30,000 for tuition, $2,000 for books.
Create a system diagram illustrating the equipment : The ACS will automatically unlock the dormitory doors via an electronic proximity reader and integrate with an existing security camera system.
Concatenation of k palindromes : Given a string s of length n, design an algorithm that outputs the smallest number k such that s = w1w2
What do you think in the given situation : Jonas asserts that, if he reduces his spending and saves more, there is no significant impact on the level of income in the economy.
Create syllogism that accurately distil supportable argument : Create ONE (and only one) syllogism that would accurately distil the essence of a supportable argument in your major assignment

Reviews

Write a Review

Microeconomics Questions & Answers

  Define and explain investment decisions in capital market

Define and explain investment decisions in the Capital Market with respect to expected returns, discounted cash flow, and classical utility theory. Give specific examples.

  Output per worker grows at the same rate as the labor force

Presume the government passes a law requiring households to increase their saving rate by 10 percent. According to the Solow Growth Model, in the short run:

  What is a merger

What is a merger? Why would the government want to block a merger? Give examples of a couple of mergers. one that went through and one that was block? Discuss why that merger was block.  Should mergers be scrutinized? Why or why not.

  Wage earners-pensioners-businesses-creditors and debtors

Given the present state of our economy would you advocate to the Federal Reserve Bank to increase or decrease interest rates. Describe the likely result of your opinion on Job seekers, Wage earners, pensioners, Businesses, Creditors and Debtors.

  What is the competitive price and quantity

What is monopolistic price and quantity and what is the competitive price and quantity

  Government policies to increase expending on domestic items

Deep global recession might trigger changes in expending from imported items to domestically manufactured items. What are at least two policies that governments might implement to increase expending on domestic items.

  Identify components of codes of conduct

Identify components of codes of conduct. Demonstrate a basic understanding of some of the ethics issues that may be addressed through codes of conduct. Prepare a written report comparing and contrasting two codes of conduct

  Perfectly competitive firm exhibits resource efficiency

The perfectly competitive firm exhibits resource a locative efficiency (P = MC), but the single-price monopolist does not. What is the reason for this difference? Explain very briefly with good examples.

  Analyze the economic impact of major social problems

Analyze the economic impact of major social problems and issues such as poverty, discrimination, crime, income distribution, the role of government, and other major issues.

  What will be the percent change in quantity demanded

If the price elasticity of demand for used cars priced between $3,000 and $5,000 is 1.2 (using the mid-point method), what will be the percent change in quantity demanded when the price of a used car falls from $5,000 to $3,000?

  Find inverse demand function for the firms product find out

you are the manager of a monopolistically competitive firm and your demand and cost functions are given by q 36 - 4p

  What was amount of the equal annual end-of-year payments

An engineer borrowed $3000 from the bank, payable in six equal end-of-year payments at 8%. The bank agreed to reduce the interest on the loan if interest rates declined before the loan was fully repaid.

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