Activity 2 Instructions: Application of opportunity cost and variations of benefit and cost. 1. What are the opportunity costs of a student who decide to study college? 2. Show how cost-benefit analysis can be used in explaining the family size among poor households.
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- An implication of the life cycle theory is that: Multiple Choice Households are planners whose actions extend beyond their current resources and pleasurable activities today to future needs and assets to meet them. Utility can be measured in money terms. Household spending decisions are based on the amount of income they earn currently. All of the choices are correct. None of the choices are correct.Which of the following is a cost objective? Select one: O A. The cost of educating a student O B. The cost of constructing a house The cost of carrying a passenger O C. O D. All of the above.Traditional defined benefit plans are better suited than cash-balance plans for a mobile workforce. Group of answer choices a. True b. False
- You are trying to decide whether to take a job after you graduate or go onto graduate school. Consider the following questions as you make your decision. A. Which of these costs, for the most part, would be relevant (R), and which would be irrelevant (IR)? Cost of your Undergraduate education Salary with an undergraduate degree Salary with both an undergraduate degree and a graduate degree Rent Car Insurance Graduate school tuition and fees Food costs Moving expenses B. Which of these costs could have a differential amount that is relevant/irrelevant, depending upon the location and or policies of your new job?o Describe in detail how you are financing your college education. Include sources like scholarships, loans, family contributions, part- time jobs, savings, grants, etc. o How did you secure these financial resources? What challenges did you face in the process?Question: Does microfinance program innovation reduce income inequality? Discuss: Literature Review
- Which of the following is not related to Opportunity costs? a. Salary given up to start a business b. Rental Income given up when you live in a house you own. c. fixed costs to be incurred when you accept a special request from an existing client. d. None of the choicesplease i just need a multiple choice answer Opportunity cost can best be defined as the a. value of the best alternative foregone when the alternative at hand is chosen. b. cost of the resources used to produce a good or service. c. money cost of a good or service. d. money cost plus interest on money borrowed to buy a good or service.Attending college involves incurring many costs. Select the example of a college cost that could be assigned to each of the following classifications. a. Sunk cost b. Discretionary cost c. Committed cost d. Opportunity cost e. Differential cost f. Allocated cost
- In evaluating economic progress in reducing poverty, which is the better measure – growth in income or reduction in mortality and why? Is increasing income typically associated with an increase in well-being? Describe the mechanism that is at work?Can someone give me their input on this question please. Discuss housing affordability in general. When researching your response consider the following: personal income, housing prices, mortgage rates, nonmortgage expenses, and also personal/mental/social positives and negatives of owning vs renting.Please view the following videos before answering this question. Video Example 4.4 Video Example 4.8 When using the benefit-cost ratio measure of worth (B/C), what benchmark is the calculated ratio compared to in determining if an individual investment is attractive? O 1.0 O IRR O MARR O 0.0
