First principles — end of chapter problem describe some of the opportunity costs when you decide to do the following.

a. attend college instead of taking a job being able to find a better, more highly paid job after graduation
b. developing a deeper understanding of concepts that will benefit you when you do eventually take a job
c. the income you would have earned on the job and the valuable on-the-job experience you would have acquired foregoing the joy of learning

First of all, opportunity costs are the costs of choosing one alternative activity or investment over another.

A) When you decide to attend college, you are going to pay a  lot money instead of working and being able to earn money right away. The opportunity costs of going to college are the lost wages and experience that you could have acquired at a job. Most people who attend college are willing to sacrifice lost wages (at least 4 years of lost wages) and working experience in order to have the possibility of obtaining a better paying job once they graduate.

Questions B and C are directly related to question A, there are no alternative actions presented.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

these are the four factors that influence enterpreneurship development

1. economic development

2. culture

3.technological development

4. education