Consider frank’s decision to go to college. if he goes to college, he will spend $21,000 on tuition, $1,800 on books, and $11,000 on room and board. if he does not go to college, he will earn $16,000 working in a store and spend $7,200 on room and board. what is frank’s opportunity cost of going to college?
a. $33,800
b. $42,600
c. $49,800
d. $57,000
Answers: 2
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You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability
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Qwest airlines has implemented a program to recycle all plastic drink cups used on their aircraft. their goal is to generate $7 million by the end of the recycle program's five-year life. each recycled cup can be sold for $0.005 (1/2 cent). a. how many cups must be recycled annually to meet this goal? assume uniform annual plastic cup usage and a 0% interest rate. b. repeat part (a) when the annual interest rate is 12%. c. why is the answer to part (b) less than the answer to part (a)?
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Which of the following is one of the main causes of inflation? a. wages drop so workers have to spend a higher percentage of income on necessities. b. demand drops and forces producers to charge more to meet their costs. c. rising unemployment cuts into national income. d. consumers demand goods faster than they can be supplied.
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Consider frank’s decision to go to college. if he goes to college, he will spend $21,000 on tuitio...
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