Asked Jan 19, 2020

List the opportunity costs of the following:

a. going to college

b. missing a lecture

c. withdrawing and spending $100 from your savings account, which earns 5 percent interest annually

d. going snowboarding on the weekend before final examinations


Expert Answer

Step 1
Economics homework question answer, step 1, image 1

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in



Related Economics Q&A

Find answers to questions asked by student like you
Show more Q&A

Q: Suppose the Hong Kong government imposes a price ceiling above the equilibrium price offlour. How do...

A: The ceiling is a strategy to stop the price from rising above a specific level. It comes under the p...


Q: Suppose a computer virus disables the nation's automatic teller machines, making withdrawals from ba...

A: The demand for money increases in the economy. This will shift the MD curve rightwards. Also, the mo...


Q: "Consider the following cash flow in actual dollars. The inflation rate is 3.2%. The inflation-free ...

A: With the given information, we first need to solve for an effective interest rate. To solve for inte...


Q: What graph should i draw on issue given in question number one? Can i get a sample of it with some e...

A: The downward sloping DD curve is initial demand curve and upward sloping SS curve is initial supply ...


Q: Need help with top half of attached picture

A: Answer - Dear student Thank you for submitting your question. Since we only answer up to 3 sub parts...


Q: The following table shows partial cost information of White T-shirt Manufacturing Company. The T-shi...

A: A partial cost information is given in the table.The table can be shown below:


Q: In a perfectly competitive market, the demand curve is the marginal revenue curve. Is this the case ...

A: Monopolistic competition is one of the imperfect competition with large number of producers selling ...


Q: Suppose country A has 5000 units of capital and 2000 units of labor while country B has 6000 units o...

A: Hi there! Thank you for the question. As per our Honor code, we can attempt only first 3 sub parts.


Q: True or false? If unemployed workers become so frustrated from being unable to find new full-time jo...

A: The unemployment rate: It is the percentage of unemployed workers in the total labor force. Workers ...