StudentShare solutions
Triangle menu

Macroeconomics, read the attached (s) and respond to the questions - Case Study Example

Nobody downloaded yet

Extract of sample
Macroeconomics, read the attached (s) and respond to the questions

Suppose you are paying $6,000 this year for in-state tuition, fees, and books at a public college (paying out-of-state rates would add another $6,000 to that, and attending a private college would add about $15,000). The opportunity cost of paying for tuition, fees, and books is what you and your family could otherwise have purchased with that money.
How about room and board? Expenses for room and board are not necessarily an opportunity cost because, even if you were not attending college, you would still need to live somewhere and eat something, though these could cost more in college. Likewise, whether or not you attended college, you would still buy goods such as CDs, clothes, and toiletries, and services such as laundry, haircuts, and DVD rentals . Your spending for such products is not an opportunity cost of attending college but the personal cost that arises regardless of what you do. So for simplicity, assume that room, board, and personal expenses are the same whether or not you attend college. The forgone earnings of $10,000 plus the $6,000 for tuition, fees, and books yield an opportunity cost of $16,000 this year for a student paying in-state rates at a public college. Opportunity cost jumps to about $22,000 for students paying out-of-state rates and to about $31,000 for those at private colleges. Scholarships, but not loans, would reduce your opportunity cost (why not loans?).
This analysis assumes that other things remain constant. But if, in your view, attending college is more of a pain than you expected your next best alternative to be, then the opportunity cost of attending college is even higher. In other words, if you are one of those people who find college difficult, often boring, and in most ways more unpleasant than a full-time job, then the cost in money terms understates your opportunity cost. Not only are you incurring the expense of college, but you are also forgoing a more pleasant quality of ...Show more

Summary

What was the best alternative you gave up? If you held a full-time job, you have some idea of the income you gave up to attend college. Suppose you expected to earn $20,000 a year, after taxes, from a…
Author : cronintommie
Macroeconomics, read the attached case study (s) and respond to the questions essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the case study on your topic
"Macroeconomics, read the attached case study (s) and respond to the questions"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Case study , read the case and answer questions
The article ‘THE QUEEN: Are we 'hard wired' or can we change’ points out some of the reasons why change is possible and why often people find it difficult. Change is influenced by the pain and pleasure. Pleasure is a motivator whereas pain works as de-motivator.
7 pages (1750 words) Case Study
Case study. read through case study and answer all questions
In simple terms this can be chocked down to the political influence that is involved in the decision making that goes on inside the office (Noel 2002, p. 144). In the case of Sara this can be presented in two ways. To begin with is the pressure that she is getting from her superiors to turn around the performance of the help desk.
7 pages (1750 words) Case Study
Read the case attached and answer all the questions
Furthermore, it should be noted that a normative statement expresses one's judgement about what should take place or what should be (Wilkinson, 2005). In this sentence, it has been mentioned that Genetic screening could reveal and hence the sentence is not proven, and the veracity of the statement needs to be tested.
4 pages (1000 words) Case Study
Macroeconomics Case Study
Keynes broke ranks with the paradox and challenged the traditional view by postulating that savings would remove demand from the system, result in less production, and stimulate unemployment. He contended that "...lack of spending was likely to be a chronic problem in an industrialised economy" and reduce output (cited in Schenk).
6 pages (1500 words) Case Study
Cisco Case - Case Study and questions attached
According to Mcafee, Mcfarlan and Wagonfeld (5) the first action taken by Boston involved asking all teams to hold off on any new tools,
3 pages (750 words) Case Study
Case Study attached
However, HC Administrator would need human resources on experts on guidance and counseling. These experts will provide valuable information to employees on respect for each other and necessity of communication. The
1 pages (250 words) Case Study
HRM case study( see attached)
The problems in technological innovations, the poor management structures, and the low morale of the workers and increased threat of new competitors have challenged the
8 pages (2000 words) Case Study
Case study of the attached article
A one-sided action by an employer does not deny a labor union the right to represent its members. TWA’s majority shareholder at the time was Carl Icahn who became the
4 pages (1000 words) Case Study
Report on case study A & B (attached)
However, one thing is certain change is constant. The problem outlined in this case too about a change being brought about in an organization. Suffolk County Council is in the middle of a major overhaul. Facing a £153 million
12 pages (3000 words) Case Study
Case Study Questions
orporate level, there have been disparities in the used data and there are a number of differences in the used data in business unit or a specific region with that of the corporate level. Apart from the above mentioned the Colgate Company has worked hard towards the creation of
3 pages (750 words) Case Study
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment