1. Your tuition is AED 20,050 this semester, your books cost AED 2,500, you can only...

 

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1. Your tuition is AED 20,050 this semester, your books cost AED 2,500, you can only work 20 rather than 40 hours per week during the 20 weeks you are taking classes and you make AED 20 per hour, and your room and board is AED 8,500 this semester (same as if not attending college). Calculate your opportunity cost of attending college this semester. (CLO#1) 2. Government should provide Health insurance to every citizen of the United Arab Emirates. Is it positive or a normative statement? Justify your answer. (CLO#1) 1. Your tuition is AED 20,050 this semester, your books cost AED 2,500, you can only work 20 rather than 40 hours per week during the 20 weeks you are taking classes and you make AED 20 per hour, and your room and board is AED 8,500 this semester (same as if not attending college). Calculate your opportunity cost of attending college this semester. (CLO#1) 2. Government should provide Health insurance to every citizen of the United Arab Emirates. Is it positive or a normative statement? Justify your answer. (CLO#1)

Answer rating: 100% (QA)

ANSWER 1 Opportunity cost AED 16000 AED 39050 Opportunity cost AED 23050 The negative opportunity cost indicates that attending college this semester ... View the full answer