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What is the Opportunity cost of a particular good?
The opportunity cost of a certain good is the cost of the next best good that you are forgoing. It is NOT a sum of all the other possibilities. It is just the cost of the next best alternative. For example: The opportunity cost of going to college is the money that you could have earned in a job. Say you spend $80,000 to go to college for four years, but if you had gotten a job right out of high school, you could have made $15,000 a year. The opportunity cost of attending college is the $60,000 you would have earned if you had gotten the job right out of high school.
What is your opportunity cost of going to college?
The main opportunity costs for going to college are time and money. However, there are also cases where someone may lose the opportunity to start a business or launch a product. If they wait, it may be too late and the opportunity completely lost.
Does an opportunity cost have value?
opportunity cost can have a value, especially if you are looking at such things as the college/job thing. If you go to college rather than take a job, your opportunity cost is the amount of money you lose from not working at the job. Opportunity cost does not always have to have a value. Again with the college/job example, if you take a job rather than go to college, your opportunity cost can be things like more education and college memories, etc. Opportunity cost is simply "what you give up". Therefore, if you are giving up money, your opportunity cost has a monetary value. If you are giving up education or experience or the like, your opportunity cost technically has no monetary value, but you are still giving something up. Hope that answers the question.
You choose to work instead of attending college after graduation A cost of this choice would be?
penis hair
What is the answer to the opportunity cost of earning an advanced college degree is that?
The opportunity cost of earning an advanced college degree includes the income you forego while attending school instead of working, as well as the time and resources spent on tuition and other expenses. Additionally, it may involve potential career advancements you could have achieved during that time. Ultimately, the decision to pursue an advanced degree should weigh these costs against the potential long-term benefits, such as higher earning potential and improved job opportunities.
Will attending a Culinary Arts College give me the opportunity to start my own restaurant?
Yes, attending a Culinary Arts College give you the opportunity to start your own restaurant. However, it is recommended that you take business management courses to increase your credentials.
What best describes the data zip codes for students attending college in the state of Michigan?
attribute data
What percent of high school graduates attend college in India?
0%; If they're attending a college in India they're not in high school... They're in college... In India... :D
Where can I submit my essay for college scholarships?
Many essays can be directly submitted to the college you plan on attending for a chance to receive a scholarship sponsored by that college. FAFSA also has great links for websites where you can submit essays for the opportunity to get a scholarship not sponsored by a college or university.
A personal statement gives college applicants the opportunity to do what?
It allows the writer to share personal information, such as goals, hopes and dreams.
What states the opportunity costs of attending college?
The money spent on tuition cannot be invested in another way.
What college is Vanessa Hudgens going to?
She currently is not attending college
What is the Opportunity cost of a particular good?
The opportunity cost of a certain good is the cost of the next best good that you are forgoing. It is NOT a sum of all the other possibilities. It is just the cost of the next best alternative. For example: The opportunity cost of going to college is the money that you could have earned in a job. Say you spend $80,000 to go to college for four years, but if you had gotten a job right out of high school, you could have made $15,000 a year. The opportunity cost of attending college is the $60,000 you would have earned if you had gotten the job right out of high school.
What college is Stephanie bongiovi attending?
Hamilton College in Clinton, NY
What is the mission statement for Pendleton college?
what is the mission statement for pendleton college, located in salford? what is the mission statement for pendleton college, located in salford?
How many people are attending college?
56,734,674
Do you plan on attending college?
no - too old
