How do you think the impact of technology in economics is changing the choices for future careers?  Evaluate the impact of technology in your own future career choice.

Q: What is the difference between Theoretical and Applied Research?

A: Research can either be theoretical or applied.

Q: The company that you manage has invested$5 million in developing a new product, butthe development…

A: For example, suppose you are considering total cost as $6 million and total revenue as $3 million.…

Q: How does the microeconomic theory of fertility relate to the theory of consumer choice? Do you think…

A: The relationship between the consumer's preferences and the expenditure is depicted by the theory of…

Q: If education is so important, why don’t people/households as well as the government invest equally…

A: Education is a discipline that's involved with teaching and learning strategies in colleges or…

Q: What is the opportunity cost of your MBA education? How does the opportunity cost to you change if…

A: Opportunity cost is the foregone benefit from an alternative selected.

Q: what are the examples of every college student in their decision (could range from small matters to…

A: College students consist of those populations whose main objective is to learn and improve skills…

Q: What do we mean by the economics of education? To what extent do you think educational planning and…

A: Educational planning and policy decisions need to be highly guided by economic factors such as…

Q: economics for lawyer

A: The law and economy communicates in various ways. Economics and lawyers is the economic survey of…

Q: Which of the following is not something you need to consider when planning for retirement how much…

A: The consumption smoothing is an important concept in consumer behaviour where an individual…

Q: Discuss the models of disability (INDIVIDUAL, MEDICAL, SOCIAL, TRAGEDY). Which model do you think…

A: All the parts of the question have been answered below.

Q: John is an economist working for Ministry of Tourism in Suva, earning $30,000 per year. There are,…

A: The three problem any individual or an economy faces are: (i) Resources are limited. (ii) Wants are…

Q: You have been going to school and working 10 hours a week. The school offers you a scholarship worth…

A: 1)Opportunity cost in time-10 hours In money 10*10=100 per week. 2)I would choose quarter because…

Q: Education can play an important role in shaping individuals’ norms and values. In what way can the…

A: "Education is the process by which society provides a learner with knowledge, values and other…

Q: What factors affect a person's choice of careers

A: A person’s choice of careers is affected by various factors: (a) Distinctive jobs Each individual…

Q: attending summer school cost 2,200. If you worked, you could earn 7,000. What is the opportunity…

A: Opportunity Cost:The opportunity cost of using a commodity or activity is equal to the value or cost…

Q: hich university you want to get admitted to you must have looked for information and then came to a…

A: Decision:The action or method of deciding for something; determination, as of an issue or doubt…

Q: How can ergonomics be a booming industry in the modern times?

A: Ergonomics is an industry in which environment of people in workplace is studied,people who are…

Q: Why is the opportunity cost of attending college higher for a 50 year old than for a 20 year old?

A: Opportunity cost also called the implicit cost is the cost of the next best alternative that is…

Q: What is the 4th Industrial Revolution and Education 4.0 and its importance?

A: The fourth industrial revolution is of eliminating the boundaries between the physical, biological,…

Q: how does teen pregnancy affect or influence one’s personal & family health. how does it affect…

A: Teen pregnancy reduces certain amount of health of teen and family is concerned about it.

Q: You have been going to school and working 10 hours a week. The school offers you a scholarship worth…

A: A) In one quarter time is = 12 week (assumed 4 weeks per month and 3 months in one quarter)…

Q: Has your educational experience in the U.S. prepared you for success in academics? What about…

A: Education: It refers to a process under which the individual gets a huge knowledge that help him to…

Q: What are the economic and accounting costs of higher education?

A: Economic cost considers both the accounting cost, which is the explicit cost, as well as the…

Q: Discuss the concept of coming of age in “House on Mango Street."

A: coming of age in “House on Mango Street." is a story based on a girl named Esperanza. This story…

Q: 10.Before starring in Iron Man, Robert Downey Jr. had appeared in 45 movies that grossed an average…

A: 10. a)  Robert Downey Jr. was partly responsible for Iron Man's popularity, he now requires a higher…

Q: What contributions are community colleges making tohigher education?

A: The institution providing higher education which provides a curriculum of two years that could lead…

Q: Which of the following fundamental ethical principles says that the child has to be given liberty to…

A: Fundamental Ethical Principles are the moral rules and judgements which are independent of one's…

Q: describe capitalism and its major historical stages and how would it be applied in a career context?

A: The region or depicts which depicts the consumption and production of services and goods along with…

Q: Is higher education worth the investment ?

A: Investment: The method or process to forgive the current consumption and employ that portion of…

Q: How does the learning curve positively affect a person in their college studies. Does this achieve…

A: Learning curve is positively affecting the college studies and not leads to diminishing return.

Q: Does innovation start with creativity? Do you agree? Why or Why not?

A: The given statement is correct. Creativity is the ability or act of making something original and…

Q: Give two examples of opportunity one can face today

A: Opportunity cost is the cost of next alternative forgone while making decision, i.e. it is the loss…

Q: Critically discuss TWO emotional/personal benefits that will motivate you to find a job.

A: Employment: - Employment is the condition where a person works for money.

Q: How is education level impact the lives of consumers?

A: Consumers are the people who make purchases. For a business organization, it is very important to…

Q: What is the relevance and importance of managerial economics to students and accountants?

A: Economics as a study is associated with the decision making phenomenon, where the entities in the…

Q: How can the franchising industry best maximize its impact on the world of business in the coming…

A: A franchise is a kind of license that enables a franchisee to use the franchisor's brand name to…

Q: The opportunity cost of working is __ Select one: a. the wage you earn for the time spent working.…

A: d. what you would have done during the time if you were not working.

Q: Why do you think that college enrollments have flattened from 2010 to 2019 and are projected to be…

A: When making decisions, rational consumers want to maximize their own utility or satisfaction. Often,…

Q: What is the opportunity cost of going to college?

A: Opportunity cost is the next best alternative foregone. Opportunity cost=sacrifice/gain.

Q: What happens when you look at earnings per dollar spent to get an education?

A: The benefit received from the education is more than the cost. This is because education is…