Suppose that your tuition to attend college is $10,000 per year and you spend $4,000 per year on room and board. If you were working full time instead of attending college, you could earn $20,000 per year. What is your opportunity cost of attending college for one year?
举一反三
- ______ this time next year you will have been in college for a year.
- You have $5,000 you want to invest for the next 45 years. You are offered an investment plan that will pay you 6 percent per year for the next 15 years and 10 percent per year for the last 30 years. How much will you have at the end of the 45 years? How much will you have if the investment plan pays you 10 percent per year for the first 15 years and 6 percent per year for the next 30 years?
- Beckham Company has the following information available: Selling price per unit $100 Variable cost per unit $55 Fixed costs per year $400,000 Expected sales per year 20,000 units What is the expected operating income for a year?
- Consider Frank’s decision to go to college. If he goes to college, he will spend $21,000 on tuition, $11,000 on room and board, and $1,800 on books. If he does not go to college, he will earn $16,000 working in a store and spend $7,200 on room and board. Frank’s cost of going to college is A: $33,800. B: $42,600. C: $49,800. D: $57,000.
- If you spend more time watching TV every day than you spend on your own personal development in a year, you might be______.