Question 1204974: ou are going to decide whether you will attend university classes for 8 weeks the following semester. The university fees and textbooks is €1,700 and housing and other expenses will cost her €600. If you do not attend classes, you will live in your family house for free and they will cover your food and other expenses for you. Also, if you do not go to university next semester you could work fulltime. However, the best job you can get pays only €600 per week, but you would only agree to give up your free time for no less than €750 per week. However, if you attend university classes, you will have to spend 40 hours a week attending classes and studying.
a) What will be your cost of attending university classes in terms of money spent? (3 marks)
b) What are the opportunity costs of going to university that you do not pay explicitly? Explain. (3 marks).
c) What is your total opportunity cost of attending university nest semester? Explain your answer. (3 marks)
d) Suppose that you will eventually take the classes anyway. What is your marginal benefit of going to university next semester? (3 marks)
e) Suppose you decides to go to university next semester. Explain your using the concepts of marginal cost and marginal benefit. (3 marks)
Answer by ikleyn(52794)   (Show Source):
You can put this solution on YOUR website! .
I think that comparing studying at good university with studying online is the same as comparing day and night.
It is the same as comparing an intellect of a true University professor with a contemporary artificial intelligence.
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