1. Your tuition is AED 20,050 this semester, your books cost AED 2,500, you can only...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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)
Expert Answer:
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
Related Book For
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
Posted Date:
Students also viewed these economics questions
-
Amounts from the comparative income statement and balance sheet of Miller Electronics Corporation for the last two years are as follows: Miller Electronics Corporation Comparative Income Statement...
-
Sweet Acacia Inc. is considering modernizing its production facility by investing in new equipment and selling the old equipment. The following information has been collected on this investment: Cost...
-
The economic approach towards food consumption is best described as: Group of answer choices Consume healthy foods when they are less expensive. Balance short-term pleasure from food consumption with...
-
According to Electronic Designs 2012 Engineering Salary Survey, the mean base salary of a software engineering manager is $126,417the highest mean among all types of engineers. In contrast, a...
-
In the population used in Example 2.5, 19 of the 3078 counties in the population are missing the value of acres 92. What is the probability that an SRS of size 300 would have no missing data for that...
-
To make ice, a freezer that is a reverse Carnot engine extracts 42 kJ as heat at 15oC during each cycle, with coefficient of performance 5.7. The room temperature is 30.3oC. How much (a) Energy per...
-
The \(45^{\circ}\) off-axis test shown in Figure 10.37 is conducted on a 10 in. \(\times 1\) in. \(\times 0.1\) in. \((254 \mathrm{~mm} \times 25.4 \mathrm{~mm} \times 2.54 \mathrm{~mm})\)...
-
In a large microelectronics plant, the assembly cell for circuit boards has a demand for 200 units an hour. Two feeder cells supply parts A and B to the assembly cell (one A and one B for each...
-
Task 1: Create a JavaBean Coffee Bean with the following: - Data members: int numSugar; double price; String typeCoffee; Methods: Constructor Accessor Mutator Task 2: Create a HTML CoffeeOrder.html...
-
Using the accompanying Retirement Calculator spreadsheet model, Claire wants to use Scenario Manager to compare the following retirement saving scenarios: Click here for the Excel Data File Scenario...
-
In the aftermath of a hurricane, an entrepreneur took a one-month leave of absence (without pay) from her $3,000 per month job in order to operate a kiosk that sold fresh drinking water. During the...
-
Additionally, where D = D. Ra = Suppose that = (3.27 m) + (-2.68 m) m + = D(-4.99) j What is the x component, in meters, of the vector R?
-
Protons a --Electron Two protons are placed at a = 5.45 cm above and below the x axis at x = 0 as shown in the figure. An electron is placed along the x axis a distance b = 13.7 cm from the origin....
-
11. Light in medium A (n = 1.81) has a frequency of 2.50 104 Hz. When it enters into medium B (n = 1.27), the angle of refraction is 56.0. Find: a) the wavelength of the light in medium B b) the...
-
2-8 A concert hall is under construction. At the present stage of con- struction, the walls are bare and the hall is empty. It is 10 m high, 30 m wide and 40 m long. A loudspeaker connected to an...
-
The speed V of a chemical reaction is given by V(t) = Vox 20.05t where t is the temperature in C. a Find the reaction speed at: i 0C ii 20C. b Find the percentage increase in reaction speed at 20C...
-
To determine that all credit sales transactions of an entity are recorded. 2. To detect a failure to post invoices to customers' accounts ledger. 3. To detect failure to invoice a shipment. 4. To...
-
A copper wire (density = 8.96 g/cm 3 ) has a diameter of 0.25 mm. If a sample of this copper wire has a mass of 22 g, how long is the wire?
-
Activision Blizzard, Inc., reported the following in the notes to its financial statements. Stock Split-In July, the Board of Directors approved a two-for-one split of our outstanding common shares...
-
Black & Decker is a leading global manufacturer and marketer of power tools, hardware, and home improvement products. A press release on April 30, 2009, contained the following announcement: The...
-
Following are the titles of various information releases. Match each definition with the related release by entering the appropriate letter in the space provided. Information Release Definitions 1....
-
How do you use functional requirements for this chapter?
-
How does deployment pattern help understand the core of the problem?
-
How do you apply nonfunctional requirements for this chapter?
Study smarter with the SolutionInn App