標題:
Microeconnomics
發問:
Steffany is presently working part time as an activities facilitator at a local community centre where she earns $ 1400 a month. She is not happy with her job and is thinking of returning to college to do a two-year programme to upgrade her skills . She has estimated the costs of doing this as follows:Annual cost... 顯示更多 Steffany is presently working part time as an activities facilitator at a local community centre where she earns $ 1400 a month. She is not happy with her job and is thinking of returning to college to do a two-year programme to upgrade her skills . She has estimated the costs of doing this as follows: Annual cost of tuition and textbooks $ 4200 Annual cost of board and lodging (same as present) $ 10000 additional transportation costs per year $ 800 What would be an economist's estimate of the cost of Steffany taking the two year programme?
最佳解答:
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The estimate cost of Steffany taking the 2-year programme isl the increamental cost (i.e. addition expenses to be paid for for the 2-year programme) plus the opportunity cost (i.e. her incomes forgone in 2 years) Increamental costs: ($4,200+$10,000+$800)x2 years = $30,000 Opportunity costs: $1,400 x 24 months = $33,600 Increamental cost + opportunity cost = $30,000 + $33,600 = $63,600 The estimate cost of Steffany taking the two year programme is $63,600
其他解答:
The opportunity cost will be twenty four month part time salary. 1400 x 24 = 33600.
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