What is the opportunity cost of attending college
What is the opportunity cost of attending college? In 2000, nearly 80% of college-educated Americans held jobs, whereas only about 40% of those who did not finish high school held jobs. How might this difference relate to opportunity costs?
Expert
The opportunity cost of attending college (and of doing anything else) consists of the income forgone while attending college (and of doing anything else such as enjoying leisure) and the value of the goods that the student or the student’s parents sacrifice in order to pay tuition and buy books, and other items necessary for college but not necessary otherwise.
Those who are college-educated have the potential of earning more income than those who did not finish high school. The opportunity cost (sacrifice of goods and services) of not working is much greater for those with the higher earning potential.
What divergences arise between equilibrium and an efficient output spillover benefits are present? How might government correct this divergence?
Give a brief introduction of the term Financial Leverage?
What do you mean by Shuffling the Deck?
In perfectly competitive market, the market demand curve is given by Qd = 10 − Pd, and the market supply curve is given by Qs = 1.5Ps. a) Prove that the market equilibrium price and
Question: Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
Use the circular flow model to confirm this assertion for a $1 per hour increase in the minimum wage?
As illustrated by Adam Smith that there are two innate psychological attributes of humans. One is which people have a powerful wish to better their individual circumstances. The other is as human beings so we are: (1) more interested
Define the Legal forms of businesses?
Give a brief introduction of the term Risk factor?
What are economic resources? What are the major functions of the entrepreneur?
18,76,764
1957866 Asked
3,689
Active Tutors
1427960
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!