Question

Now imagine you are not sure whether to drive to university to attend classes or to...

Now imagine you are not sure whether to drive to university to attend classes or to take a bus. State what you think is the main opportunity cost of driving and that of taking a bus.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

1 of something a chosen. simply, you must or life, opportunity cost is the value when particular course of action is the oppo

Add a comment
Know the answer?
Add Answer to:
Now imagine you are not sure whether to drive to university to attend classes or to...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • You have just woken up and are trying to decide whether to attend an upcoming lecture....

    You have just woken up and are trying to decide whether to attend an upcoming lecture. The following are the costs and benefits you are considering. Tuition          is $7,000 per semester; Books are $500 per semester; Driving to class is $10; Wages earned if you went to work instead are $35; How much you value an extra hour of sleep = $25; The cost of tuition and books ___________ be included in your calculations because they are an example of...

  • Kayden decided to attend college and gain a degree in accounting. He is now starting his...

    Kayden decided to attend college and gain a degree in accounting. He is now starting his degree. The yearly cost of tuition is $10,000 and he left his auto mechanic shop management job giving up a $32,000 a year to attend college. Kayden’s decision resulted in an opportunity cost to attend college of $22,000 per year. an opportunity cost to attend college of $42,000 per year. paying $10,000 in opportunity cost per year to attend college. Congress must vote whether...

  • Costs and Opportunity Costs • You are deciding whether to attend LU, and you figure the...

    Costs and Opportunity Costs • You are deciding whether to attend LU, and you figure the cost to be.. Tuition: $5,000 Books and school supplies: 1,000 Room and board: 10,000 Transportation: 4,000 Miscellaneous expenses: 3,000 • Total money cost: $23,000 This gives you the cost of one year at LU, but in order to decide if you should go. Let's look at the Opportunity Cost Opportunity Cost • Tuition: Books and school supplies: Foregone wages from working: $ 5,000 1,000...

  • Opportunity Cost The opportunity cost of any decision that you taking this course at Kean University....

    Opportunity Cost The opportunity cost of any decision that you taking this course at Kean University. What opportunicies may be afforoed to you after you have completed your educational endeavor at KU? What will you have to give up now to accomplish your short and long, term goals? g up something. I would like you to e your opportunity cost of Reply

  • Imagine a university hired you as a management consultant to devise new strategic actions for 2022....

    Imagine a university hired you as a management consultant to devise new strategic actions for 2022. Walk us through the steps that you will take to identity and assess various external forces/variables that might affect your client. Please be sure to present the process within a strategic decision making framework. It is critical to briefly discuss the analytical perspective/lens that you will utilize to analyze this case. Please cite at least 1 resource to support your discussions

  • 1 1) Ms Dunne is a campus dean and she believes that morning classes are often...

    1 1) Ms Dunne is a campus dean and she believes that morning classes are often a great idea in theory, but that many people do not actually attend those classes. Lisa also believes that participation in other social activities, particularly Greek life (fraternities and sororities) may contribute to these student absences in morning classes, as many of their social activities take place on weeknights and may influence whether a student can get up on time. Lisa polls a sample...

  • 3. Now imagine that you are a nurse caring for a patient who has the disease...

    3. Now imagine that you are a nurse caring for a patient who has the disease or health issue you identified in the previous question. Do you think you need all 4 types of knowledge in order to be able to take good care of the patient? If so, why? a. b. If not, which types of knowledge do you feel are most important to have, an why?

  • #2 CASE STUDY #2: University-Level Note-Taking! Melanie was a university student taking business classes. She found...

    #2 CASE STUDY #2: University-Level Note-Taking! Melanie was a university student taking business classes. She found that many of her classes were a combination of lecture information, classroom examples and what the instructor would put on the board, and practice problems that she had to Properties of various discussions worksheet. The challenge was to integrate no TRICOT I u ogle flowchart that enabled her to understand the important concepts. Our solution was to utilize technology to gather and sort information....

  • Imagine you are in a game show, where Now, let us start the money give-away! There...

    Imagine you are in a game show, where Now, let us start the money give-away! There are 4 prizes hidden on a game board with 16 spaces. One prize is worth $4000, another is worth $1500, and two are worth $1000. But, wait!!! You are also told that, in the rest of the spaces, there will be a bill of $50 that you have to pay to the host as a penalty for not making the "wise" choice. OK, you...

  • Stephen Owsu is deciding whether he should get into the MBA program at a state university...

    Stephen Owsu is deciding whether he should get into the MBA program at a state university or not. The tuition and books for this program will cost him $60,000. If he starts the MBA program, he has to give up his current position as a financial advisor at Edward Jones which pays him $42,000 a year (after tax). On average, an MBA graduates will make an extra $25,000 per year over a business career of 40 years. Stephen find his...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT