Suppose Andrea has a job that pays her $50 000 per year (after taxes). She is considering quitting her job and going to university full time for four years. Tuition fees and books will cost $12 000 per year. Living expenses in either situation will cost $20 000 per year. What is the opportunity cost of Andrea's four-year university degree? $200 000 $128 000 $288 000 $240 000 $248 000

Describe the effect that higher income has on life expectancy in terms of relative length and resources.

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.

Suppose that before you began your college application process, you were offered a job to work as a floor-trainer at a local fitness center, accompanied by a yearly salary of $27,000 (after taxes). Assume however that you decided to turn down this offer and instead attend a year of college. The total monetary cost of the year of college, including tuition, fees, and room and board expenses, is $43,000. You likely chose to attend college because   Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Ben enjoys doing volunteer work very much. During weekends, he often goes to the community center next to his home. He treasures the time doing volunteer work and considers it worth $305. He does not need to spend any money on transportation as he can walk to the community center and no other cost will incur if he does the volunteer work. If he does not go to the community center, he can use the same amount of time working as a private teacher and earning $450. The job as a private teacher is unpleasant to him. He is not willing to do the teaching job unless he is paid at least $X. If Ben finally decided to go to the community center, the value of X must be larger than or equal to [Answer]. (In decimal numbers, with two decimal places, please.)

8. Ann and Barbara are computer programmers in Nashville who are planning to move to Seattle. Each owns a house that has been appraised for $100,000. Ann's house is one of hundreds of highly similar houses in large well-known suburban development, and Barbara's is a one of a kind house built from her architects design. Who will benefit more by hiring a realtor to assist in selling her house?

You currently work for 40 hours a week at wage rate of £12 an hour. Your free hours are defined as the number of hours not in work, which in this case is 24 hours × 7 days – 40 hours = 128 hours per week. Suppose that you are happy to keep your total weekly income constant. Then:   To have 12.5% more free time, your wage rate needs to increase by £8.   Doubling the wage rate would decrease your working hours by a third.   If your wage rate increases to £16 an hour, then your free time will increase by 6%.   A wage cut of 25% leaves you with only 100 hours of free time.

Suppose that you are in the fall of your senior year and are facing with the choice of either getting a job or going to law school when you are graduated. The choice is not purely financial, however, to make an informed decision you would like to know the financial implications of the two alternatives. Let’s assume that your opportunities are as follows: • If you take the “get a job” route, you expect to start off with a salary of $45,000 per year. There is no way to predict what will happen in the future, but your best guess is that your salary will grow at 5 percent per year for the first 20 years and increase to 6 percent onward. You expect to retire in 40 years. • As a law student, you will be paying $25,000 per year in tuition for each of the three years you are in graduate school. However, you can then expect a job with a starting salary of $80,000 per year. Moreover, you expect your salary to grow by 7 percent per year for 17 year and increase to 8 percent for the next 20 years.…