You plan to go to school this summer. If you do, you won't be able to take

Fantastic news! We've Found the answer you've been seeking!

Question:

You plan to go to school this summer.

If you do, you won't be able to take your usual summer job that pays $5,000 for the summer.

The cost of tuition is $2,000 and textbooks cost $200.

You live with your family, which covers your living expenses of $1,800.

What is your opportunity cost of going to school this summer?

Your opportunity cost of going to summer school is ....

Related Book For answer-question

Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

See More Books

Posted Date: Jan 09, 2021 07:31 AM

See More Questions

You plan to go public for the Mor A.. and company managers want to check the market value. See the table for questions. Firm Stock Price Book Value of Equity Shares Outstanding Net Profit Beyaz A.....
Compute the DDB depreciation schedule for the following asset: Cost of the asset. I.................................. $36,000 Useful life, N........................................ 5 years Salvage...
With the savings from your summer job you were able to buy 500 shares of a hot new Internet company last year. A few months after your purchase, the company was low on cash and needed to raise more...
A solid homogeneous disk 900 mm in diameter with a mass of 140 kg is rolled up 20 incline by a force of 1000 N, applied parallel to the plane. Assuming no slipping. determine the speed of the disk...
IP, TCP, and UDP all discard a packet that arrives with a checksum error and do not attempt to notify the source. Why?
Objectives of Financial Reporting State the primary objective of financial reporting and the three secondary objectives.
Fantastic Sams and Defendants PSTEVO, LLC and Jeremy Baker entered into a franchise agreement pursuant to which Fantastic Sams granted PSTEVO a franchise to operate a Fantastic Sams Salon. According...
This comprehensive problem involving Miller Design Studio covers all the learning objectives in this chapter and in the chapters on measuring business transaction and measuring business income. To...
Define and comprehend the concept of data base and its types. 7. Briefly discuss Database Management Systems. 8. Enumerate and briefly discuss the key concepts of Database Management Systems....
Find 10 advertisements on the Internet for sports products and describe the executional format for each advertisement. Which type of execution format is most commonly used for Internet advertising?
The illustrated structure is affected by a known couple, and try to figure out the restraining reaction force of the hinge A and hinge E. D. P B
A hedge fund charges an incentive fee of 15% of any investment returns above the T-bill rate, which currently is 3.0% but is subject to a high water mark. In the first year, the fund suffers a loss...
Using your contacts, interview a PM for an IT Project and write a two to three pages summary on the issues discussed. Interview this person (in person, via phone, or via the Internet), about being a...
MB Ltd. manufactures electric toothbrushes. Each toothbrush requires a small motor which MB is currently manufacturing. RW Ltd. has offered to supply the motor for $11 per unit. MB's current...
B C In-class activities Time Value of Money, Part 2 D E F G H 1. A security has a cost of $1,000 and will return $2,000 after 5 years. What rate of return does the security provide? A 1 2 3 4 5 6 7 8...
3. Consider the following set of functional dependencies on the relation schema R = (A, B, C, D, E, F): A BCD a) Compute D+ BC DE AB CD D A b) Find the candidate keys for R B D c) Remove...
To buy a reliable car, you finance $30,000 over 5 years at 4.80%. a. How much will your monthly payment be? b. How much will your total payment be? (Multiply your previous answer by the number of...
I frequently use NY Times and CNN and am aware of Fox News but I never use it. I visit these sites, NY Times and CNN, a few times a week whenever I have to research something or see something on...
How would an increase in the world price of oil affect the amount of frictional unemployment? Is this unemployment undesirable? What public policies might affect the amount of unemployment caused by...
Describe the difference between foreign direct investment and foreign portfolio investment. Who is more likely to engage in foreign direct investmenta corporation or an individual investor? Who is...
In the early 1980s, new legislation allowed banks to pay interest on checking deposits, which they could not do previously. a. If we define money to include checking deposits, what effect did this...
You are calculating the estimated time to completion for a project of 12 months duration and a budgeted cost of $500,000. Assuming the following information, calculate the Schedule Performance Index...
Go to www.brighthubpm.com/monitoring-projects/51982-understanding-the-s-curve-theory-for-project-management-monitoring/ and read the article on the multiple uses of project S-curves. What does the...
You had planned to construct a series of eight traffic roundabouts in your town, with each roundabout costing $150,000. Your goal was to complete the project during the four (4) months of good...

You plan to go to school this summer. If you do, you won't be able to take

Question:

Expert Answer:

Answer 9000 Opportunity cost is the second best alternate forgone or total expendi... View the full answer

Principles of economics

Students also viewed these finance questions