There are 2 households in country Low_HDI deciding whether or not to send their child to...
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There are 2 households in country "Low_HDI" deciding whether or not to send their child to school. There are 4 time periods in this problem (period 0, 1, 2, and 3). The families need to decide if they will send their child to school at all, and if they do, then whether to have them stop after completing primary school or to continue on to secondary school. Attending primary school will take up all of period 0 and attending secondary school will take up all of period 1. The out of pocket "net benefit" (benefit minus cost) to each option is given below: No School Primary School Secondary School Time Period 0 Net Benefits (in $) 100 0 0 1 110 140 -20 2 120 160 230 3 130 180 280 A) What is the out of pocket cost of attending primary school, and of attending secondary school implied by the figures above. B) What is the opportunity cost of attending primary school, and of attending secondary school implied by the figures above. There are 2 households in country "Low_HDI" deciding whether or not to send their child to school. There are 4 time periods in this problem (period 0, 1, 2, and 3). The families need to decide if they will send their child to school at all, and if they do, then whether to have them stop after completing primary school or to continue on to secondary school. Attending primary school will take up all of period 0 and attending secondary school will take up all of period 1. The out of pocket "net benefit" (benefit minus cost) to each option is given below: No School Primary School Secondary School Time Period 0 Net Benefits (in $) 100 0 0 1 110 140 -20 2 120 160 230 3 130 180 280 A) What is the out of pocket cost of attending primary school, and of attending secondary school implied by the figures above. B) What is the opportunity cost of attending primary school, and of attending secondary school implied by the figures above.
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Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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