Mathematics, 01.08.2021 07:40 Dede6308

You are planning to attend college next year. The total cost of tuition and textbooks is $10,000. If you go to school, your room and board will cost you $5,000. If you did not go to school, however, you would live at home, and your total room and board would only be $1,000. Additionally, if you did not go to college, you would work a job making $20,000 for the year. 1. In terms of room and board alone, what would be opportunity cost of attending college. Be sure to explain your answer
2. What are the explicit costs of attending school? How much should be included for room and board?
3. What would be the implicit cost of attending college next year?
4. What would be the total opportunity cost of attending college next year?

Answers: 3

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 13:30, gabrielmtrue

Acity plans to build a new rectangular-shaped park. the perimeter of the park will be 940 meters. the width of the park will be 300 meters. what will be the length, in meters, of the new park?

Answers: 1

continue

Mathematics, 21.06.2019 22:10, idc23

To prove that angle def = angle dgf by sas, what additional information is needed? def congruent to dgf dfe congruent to dfg de congruent to dg dg congruent to gf

Answers: 1

continue

Mathematics, 22.06.2019 02:00, hello123485

Find a third-degree polynomial equation with rational coefficients that has roots -2 and 6+i

Answers: 2

continue

Mathematics, 22.06.2019 04:30, oscargonzalez4310

Harold moves no more than 43 of his sheep and goats into another field fewer then 22 of his animals are goats

Answers: 3

continue

You know the right answer?

You are planning to attend college next year. The total cost of tuition and textbooks is $10,000. If...