You plan to go to school this summer. If you do, you won't be able to take your usual summer job that pays $9,000 for the summer. The cost of tuition is $1,000 and textbooks cost $300. You live with your family, which covers your living expenses of $1,100. What is your opportunity cost of going to school this summer? Your opportunity cost of going to summer school is the goods and services you could have purchased with $ 10,300.

The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?