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Principles of Microeconomics California Edition 2nd Edition
2nd Edition
ISBN: 9780393622089
Author: Dirk Mateer, Lee Coppock
Publisher: W. W. Norton
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Question
Chapter 15, Problem 2SP
To determine
Explain why some students will take unpaid internship during the summer.
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Students have asked these similar questions
In addition to price increases and consumer demand, what is another economic factor that can affect career opportunities?
Demographic trends
Interest rates
Foreign competition
Changing uses of technology
Geographic trends
All of these choices are correct.
Explain your answer and cite sources please
Internships are considered a vital stepping stone to full-time employment after college, but not all internship positions are paid.
Suppose you have to decide between taking an unpaid summer internship in your field of study, or working at a factory for the summer
earning $10 an hour. If you take the factory job for the summer, what is included in your opportunity cost?
Choose one or more:
A. gaining valuable experience and increasing your human capital
B. networking with professionals in your field of study
C. the wages you make at the factory
7 OF 18 QUESTIONS COMPLETED
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SUBMIT A
Suppose you have a choice of working full-time during the summer or going full-time to summer school. Summer tuition and books are $2,200. If you worked, you could make $7,000. Your rent is $1,000 for the summer, regardless of your choice. What is the opportunity of your choice of going to summer school?
Chapter 15 Solutions
Principles of Microeconomics California Edition 2nd Edition
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- How does a human capital investment in education increase your lifetime earning?arrow_forwardCindy is a baker and runs a large cupcake shop. She has already hired 11 employees and is thinking of hiring a 12th. Cindy estimates that a 12th worker would cost her $100 per day in wages and benefits while increasing her total revenue from $2,600 per day to $2,750 per day. Should Cindy hire a 12th worker? a. Yes. b. No. c. You need more information to figure this out.arrow_forwardWhat is employabilityarrow_forward
- Brad Edwards is earning $36,000 a year in a city located in the Midwest. He is interviewing for a position in a city with a cost of living 18 percent higher than where he currently lives. What is the minimum salary Brad would need at his new job to maintain the same standard of living?arrow_forwardThere will always be people out of work. True or falsearrow_forwardSuppose Georgette earns $13 an hour installing transistorized digital chips in electronic calculators. If you were unemployed, would you offer to work for $8 an hour to get the job? Why might a profit-maximizing employer turn down your generous offer?arrow_forward
- Cindy is a baker and runs a large cupcake shop. She has already hired 11 employees and is thinking of hiring a 12th. Cindy estimates that a 12th worker would cost her $100 per day in wages and benefits while increasing her total revenue from $2,600 per day to $2,750 per day. Should Cindy hire a 12th worker? 1. Yes. 2. No. 3. You need more information to figure this out.arrow_forward"Do Men and Women Earn the Same Amount?" Please give a reason behind your answer.arrow_forwardWhy is severance of employment relevant to youth? Explain and provide detailsarrow_forward
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