a. The government's budget constraint shows that total government expenditures must be equal to the sum of and b. The government's annual budget deficit is the excess of total revenue over total spending in a given year.

Suppose your Chaffey college tuition per semester is $4,000 and your extra expenses with the college during the year (books, ather materiais, gas, meals, etc) sum $3,000. If you were not attending college, you could work at firm X and get an annual salary of $ 5,000. What is your opportunity cost of attending college in one year? In your calculations assume that you are taking 2 semesters in a year

Can someone please explain the answer to 5?

View History Bookmarks Profiles Tab Window Help Current Students | Minneapol X MINNEAPOLIS COMMUNITY & Trock COLLEGE Communications Z minneapolis.learn.minnstate.edu/d21/le/content/6153940/viewContent/61105502/View 2 of 5 Su23 ECON 2200-80 Principles of Micro... ts Activity Files Activity 6 Question List ty 6 Question List ...: Activity 6: Chapter 10- Su23 X Assessments ♥ Resources A.12 If P = $35, the firm will supply $____ 2 Questions A.12-A.17: Here is cost data for a single firm in a competitive industry. Apply the MR - MC profit-maximizing rule. SEE NOTE ON PAGE 1. W S - A.13 If P = $45, the firm will supply____ units and earn profits of $ X A.14. If P = $55, the firm will supply_____ units and earn profits of #3 −1+ A.15. If P = $60 and there are 200 identical firms with this cost data, the quantity supplied in the market will be with each firm earning a profit of $_ D Activity 6 Question List - Su2 X Automatic Zoom units and earn profits of 4 C R Technology Help Training…