Studies have concluded that a college degree is a very good investment. Suppose that a college...
Studies have concluded that a college degree is a very good investment. Suppose that a college graduate earns about 75% more money per hour than a high-school graduate. If the lifetime earnings of a high-school graduate average $1040000, what is the expected value of earnings of a college graduate?
(a) $780000 (b) $1820000 (c) $1386666 (d) $5942857
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Studies have concluded that a college degree is a very good
investment. Suppose that a college...
Like a good economist, you calculated the opportunity cost of getting your college degree. Suppose that...
Like a good economist, you calculated the opportunity cost of getting your college degree. Suppose that at your university, you will pay $12000 each year for tuition, $2500 each year for textbooks, and $12000 per year for room and board. Before you left for college, your boss at your high-school job offered you a job paying $15000 per year. Assume that if you decided not to go to college, your parents would not let you live at home. What is your opportunity...
Like a good economist, you calculated the opportunity cost of getting your college degree. Suppose that...
Like a good economist, you calculated the opportunity cost of getting your college degree. Suppose that at your university, you will pay $12000 each year for tuition, $2500 each year for textbooks, and $8000 per year for room and board. Before you left for college, your boss at your high-school job offered you a job paying $15000 per year. Assume that if you decided not to go to college, your parents would not let you live at home. What is...
The data set consists of information on 3700 full-time full-year workers. The highest educational achievement for...
The data set consists of information on 3700 full-time full-year workers. The highest educational achievement for each worker was either a high school diploma or a bachelor's degree. The worker's ages ranged from 25 to 45 years. The data set also contained information on the region of the country where the person lived, marital status, and number of children. For the purposes of these exercises, let AHE = average hourly earnings (in 2005 dollars) College = binary variable (1 if...
Ben Bates graduated from college six years ago with a finance undergraduate degree. Since graduation, he...
Ben Bates graduated from college six years ago with a finance undergraduate degree. Since graduation, he has been employed in the finance department at East Coast Yachts. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools, to...
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Table 1: 2012 Current Population Survey Data Dependent Variable: Av Hourly Eaming 8.31 0.2 3.85 0.2...
Table 1: 2012 Current Population Survey Data Dependent Variable: Av Hourly Eaming 8.31 0.2 3.85 0.2 8.34 8.32 0.22 3.81 0.22 0.51 0.04 College (X) Female (X2) Age (X3) Northeast (x) Midwest (L.) South (Xs) Intercept 3.80 0.52 04 0.18 36 1.23 31 0.43 30 2.05 17.02 1.87 Forthis question, refer to the table of estimated regressions in Table 1, computed using data from the 2012 CPS. The dataset contains information on 7,440 full-time, full-year workers. The highest educational achievement...
The data set consists of information on 4900 full-time full-year workers. The highest educational achievement for...
The data set consists of information on 4900 full-time full-year workers. The highest educational achievement for each worker was either a high school diploma or a bachelor's degree. The worker's ages ranged from 25 to 45 years. The data set also contained information on the region of the country where the person lived, marital status, and number of children. For the purposes of these exercises, let AHE = average hourly earnings (in 2005 dollars) College = binary variable (1 if...
David Jetter graduated from college six years ago with a finance undergraduate degree. Although he is...
David Jetter graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve his goal. After examining schools, he has narrowed his choice to either UCSD San Diego or Palomar College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships,...
David Jetter graduated from college six years ago with a finance undergraduate degree. Although he is...
David Jetter graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve his goal. After examining schools, he has narrowed his choice to either UCSD San Diego or Palomar College. Although internships are encouraged by both schools, to get class credit for the internship, no salary can be paid. Other than internships,...
Question6. suppose, instead of being able to pay cash for his MBA, Ben must borrow the...
Question6. suppose, instead of being able to pay cash for his
MBA, Ben must borrow the money. The current borrowing rate is 5.4
percent. How would this affect his decision?
THE MBA DECISION Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has...
Like a good economist, you calculated the opportunity cost of getting your college degree. Suppose that at your university, you will pay $12000 each year for tuition, $2500 each year for textbooks, and $12000 per year for room and board. Before you left for college, your boss at your high-school job offered you a job paying $15000 per year. Assume that if you decided not to go to college, your parents would not let you live at home. What is your opportunity...
The data set consists of information on 3700 full-time full-year workers. The highest educational achievement for each worker was either a high school diploma or a bachelor's degree. The worker's ages ranged from 25 to 45 years. The data set also contained information on the region of the country where the person lived, marital status, and number of children. For the purposes of these exercises, let AHE = average hourly earnings (in 2005 dollars) College = binary variable (1 if...
Table 1: 2012 Current Population Survey Data Dependent Variable: Av Hourly Eaming 8.31 0.2 3.85 0.2 8.34 8.32 0.22 3.81 0.22 0.51 0.04 College (X) Female (X2) Age (X3) Northeast (x) Midwest (L.) South (Xs) Intercept 3.80 0.52 04 0.18 36 1.23 31 0.43 30 2.05 17.02 1.87 Forthis question, refer to the table of estimated regressions in Table 1, computed using data from the 2012 CPS. The dataset contains information on 7,440 full-time, full-year workers. The highest educational achievement...
The data set consists of information on 4900 full-time full-year workers. The highest educational achievement for each worker was either a high school diploma or a bachelor's degree. The worker's ages ranged from 25 to 45 years. The data set also contained information on the region of the country where the person lived, marital status, and number of children. For the purposes of these exercises, let AHE = average hourly earnings (in 2005 dollars) College = binary variable (1 if...
Question6. suppose, instead of being able to pay cash for his
MBA, Ben must borrow the money. The current borrowing rate is 5.4
percent. How would this affect his decision?
THE MBA DECISION Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job, his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve this goal. After examining schools, he has...
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