You are planning to attend college next year. The total cost of tuition and textbooks is $10,000. If you go to school, your room and board will cost you $5,000. If you did not go to school, however, you would live at home, and your total room and board would only be $1,000. Additionally, if you did not go to college, you would work a job making $20,000 for the year.
1. In terms of room and board alone, what would be opportunity cost of attending college. Be sure to explain your answer
2. What are the explicit costs of attending school? How much should be included for room and board?
3. What would be the implicit cost of attending college next year?
4. What would be the total opportunity cost of attending college next year?

Answers

Answer 1

Opportunity Cost of attending college, in terms of room and board is $4000 . Explicit Cost, Implicit Cost of attending college is $14000, $20000. Total Opportunity Cost of attending college is $34000

1. Opportunity Cost is the cost of next best alternate foregone, as in value of sacrifice made, while choosing an alternative.

Money foregone to attend college, in room & board = room & board cost with college - room & board cost without college = 5000 - 1000 = 4000

2. Explicit Cost is the actual out of pocket cash expenses outflow, done for choosing an option. Eg : Cash expenditures

In this case, cash expenses for attending college = 14000

3. Implicit Cost is the implied estimated cost of self supplied factors of production, like value of self labour & self owned land etc.

In this case : Value of self labour, sacrificed for attending college, ie the salary which could have earned by doing job meanwhile = 20000

4. Total opportunity cost of attending college = Explicit Cost + Implicit Cost = 14000 + 20000 = 34000

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Related Questions

Help please!??!!?!?

Answers

9514 1404 393

Answer:

  a) CP = SP/1.1

  b) CP = $59.50

  c) GST = $5.95

Step-by-step explanation:

a) Divide by the coefficient of CP.

  SP = 1.1×CP

  CP = SP/1.1

__

b) Use the formula with the given value.

  CP = $65.45/1.1 = $59.50

__

c) You can do this two ways: subtract CP from SP, or multiply CP by 0.1.

  GST = SP -CP = $65.45 -59.50 = $5.95

  GST = CP×0.10 = $59.50 × 0.10 = $5.95

Write a 6-digit number that fits the description.

1. The value of its thousands digit is 5,000.
2. The value of its hundreds digit is 700.
3. Its tens digit is 2 less than the thousands digit.
4. Its hundred thousands digit is the same as the hundreds digit.

The number is?​

Answers

Answer:

175731 is one of the answers of the 6 digit number

some others are:

275732

375733

475734

575735

675735

775734

875732

The 6-digit number is 175731.

What is the place value strategy?

The place value strategies are defined as math strategies that use to assist you in resolving your elementary math problems, use your places values, such as tens and hundreds. It is possible to employ enlarged notation or compensation. Using regrouping techniques, you can make the problem easier by compensating for addition.

Let the number would be ABCDEF

Given the condition that the value of its thousands of digits is 5,000.

So C = 5

Given the condition that the value of its hundreds of digits is 700.

So D = 7

Given the condition that Its tens digit is 2 less than the thousand digits.

So E = 5-2 = 3

Given the condition that Its hundred thousand digits is the same as the hundred digits.

So B = 7

Therefore, all possible answers:

275732

375733

475734

575735

675735

775734

875732

Hence, the 6-digit number is 175731

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Please help me solve the question...

Answers

Answer:

All of area is πr²

Step-by-step explanation:

and we should write the area kind of radian. So if all area is π*(12)²= 144π - this for 360°- and 240° is 96π

but we must add area of the triangle which has two same side and has 6 high so it's area is 6*12√3/2 = 36✓3

our answer is 96π+ 36✓3

what is heavier ten tons of wool or ten tons of steel​

Answers

They weigh the same since they are both ten tons
both are equal as their weight is same

The least-squares regression equation
y = 8.5 + 69.5x can be used to predict the monthly cost for cell phone service with x phone lines. The list below shows the number of phone lines and the actual cost.

(1, $90)
(2, $150)
(3, $200)
(4, $295)
(5, $350)

Calculate the residuals for 2 and 5 phone lines, to the nearest cent.

The residual for 2 phone lines is $___


The residual for 5 phone lines is $___

Answers

Answer:

First one: 2.5

Second: -6

8.5+69.5(5) = 147.5

150 - 147.5 = 2.5

8.5 + 69.5(5) = 356

350 - 356 = -6

ED2021

The residual for 2 phone lines is $2.5.

The residual for 5 phone lines is -$6.

What is the residual in a least-square regression equation?

The residual is the vertical distance separating the observed point from your expected y-value, or more simply put, it is the difference between the actual y and the predicted y.

How to solve the question?

In the question, we are asked to find the residual for 2 and 5 lines using the least-squares regression equation y = 8.5 + 69.5x and the actual costs given to us.

We know that the residual is the vertical distance separating the observed point from your expected y-value, or more simply put, it is the difference between the actual y and the predicted y.

Thus for 2 phone lines:-

Actual Cost = $150.

Predicted Cost, y = 8.5 + 69.5*2 = 147.5.

Residual = Actual Cost - Predicted Cost = 150 - 147.5 = $2.5.

Thus, the residual for 2 phone lines is $2.5.

Thus for 5 phone lines:-

Actual Cost = $350.

Predicted Cost, y = 8.5 + 69.5*2 = 356.

Residual = Actual Cost - Predicted Cost = 350 - 356 = -$6.

Thus, the residual for 2 phone lines is -$6.

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Help me please and thank you

Answers

Step-by-step explanation:

jlejej

are u using chrome os

Log 1 with whatever base (except 0) is 0 for any number (except 0) raised to 0th power is 1. And 0 times anything is 0. Answer should be B.

Plz answer asap question in picture

Answers

Answer:

-1 <x < 7

(-1,7)

Step-by-step explanation:

open circle on the left means the number is greater than

-1 <x

Open circle on the right means the number is less than

x < 7

Since both statements are true. we combine them

-1 <x < 7

open circles means parentheses, closed circles mean brackets

Simplify Square root (150n^2)

Answers

Answer:

12

Step-by-step explanation:

Please help me to find this answer

Answers

Step-by-step explanation:

angle of a triangle is 180, therefore to get the remaining one, subtract the sum of the two knows from 180, also for the second one; angle on a straight line is as well 180, since you have fine the interior one, subtract it from 180 to get the second answer

Answer:

so angles in a triangle add up to 180,

32+50+m<MQP=180

82+m<MQP=180

m<MQP=180-82

=98°

and angles on a straight line add up to 180 therefore

m<MQR=180-m<MQP

=180-98

=82

I hope this helps and if you don't understand feel free to ask

A one lane highway runs through a tunnel in the shape of one half a sine curve cycle

Answers

The sine curve equation, y = 10·sin(x·π/24), that models the entrance of the

tunnel with a cross section that is the shape of half of a sine curve and the

height of the tunnel at the edge of the road, (approximately 7.07 ft.) are

found by applying the following steps

(a) The equation for the sine curve is y = 10·sin(x·π/24)

(b) The height of the tunnel at the edge of the road is approximately 7.07 feet

The reason for the above answers are presented as follows;

(a) From a similar question posted online, the missing part of the question

is, what is the height of the tunnel at the edge of the road

The known parameters;

The shape of the tunnel = One-half sine curve cycle

The height of the road at its highest point = 10 ft.

The opening of the tunnel at road level = 24 ft.

The unknown parameter;

The equation of the sine curve that fits the opening

Method;

Model the sine curve equation of the tunnel using the general equation of a sine curve;

The general equation of a sine curve is y = A·sin(B·(x - C) + D

Where;

y = The height at point x

A = The amplitude = The distance from the centerline of the sine wave to the top of a crest

Therefore;

The amplitude, A = The height of half the sine wave = The height of the tunnel = 10 ft.

D = 0, C = 0 (The origin, (0, 0) is on the left end, which is the central line)

The period is the distance between successive points where the curve passes through the center line while rising to a crest

Therefore

The period, T = 2·π/B = 2 × Opening at the road level = 2 × 24 ft. = 48 ft.

T = 48 ft.

We get;

48 = 2·π/B

B = 2·π/48 = π/24

By plugging in the values for A, B, C, and D, we get;

y = 10·sin((π/24)·(x - 0) + 0 = 10·sin(x·π/24)

The equation of the sine curve that fits the opening is y = 10·sin(x·π/24)

(b) The height of the tunnel at the edge of the road is given by substituting

the value of x at the edge of the road into the equation for the sine curve

as  follows;

The width of the shoulders = 6 feet

∴ At the edge of the road, x = 0 + 6ft = 6 ft., and 6 ft. + 12 ft. = 18 ft.

Therefore, we get;

y = 10 × sin(6·π/24) = 10 × sin(π/4) = 5×√2

y = 10 × sin(18·π/24) = 10 × sin(3·π/4) = 5×√2

The height of the, y, tunnel at the edge of the road where, x = 6, and 18 is y = 5·√2 feet ≈ 7.07 ft.

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PLS HELP
Find an equation of the line with a y-intercept of -3 and an x-intercept of -4.5

Answers

Answer:

y = - [tex]\frac{2}{3}[/tex] x - 3

Step-by-step explanation:

The equation of a line in slope- intercept form is

y = mx + c ( m is the slope and c the y- intercept )

Calculate m using the slope formula

m = [tex]\frac{y_{2}-y_{1} }{x_{2}-x_{1} }[/tex]

with (x₁, y₁ ) = (0, - 3) and (x₂, y₂ ) = (- 4.5, 0 ) ← coordinates of intercepts

m = [tex]\frac{0-(-3)}{-4.5-0}[/tex] = [tex]\frac{0+3}{-4.5-0}[/tex] = [tex]\frac{3}{-4.5}[/tex] = - [tex]\frac{2}{3}[/tex]

The line crosses the y- axis at (0, - 3 ) ⇒ c = - 3

y = - [tex]\frac{2}{3}[/tex] x - 3 ← equation of line

I need to know the answer please

Answers

Focusing on the center point of f(x) (0,0), we can see that it has moved to the left 4 units and up 3 units.

g(x) = [tex](\sqrt[3]{x + 4}) + 3[/tex]

Option C

Hope this helps!

Write the equation of the line that passes through the points (0, 4) and (- 4, - 5) . Put your answer in fully reduced slope intercept form , unless it is a vertical or horizontal line

Answers

Answer:

y=9/4x+4

Step-by-step explanation:

Start by finding the slope

m=(-5-4)/(-4-0)

m=-9/-4 = 9/4

next plug the slope and the point (-4,-5) into point slope formula

y-y1=m(x-x1)

y1=-5

x1= -4

m=9/4

y- -5 = 9/4(x - -4)

y+5=9/4(x+4)

Distribute 9/4 first

y+5=9/4x + 9

subtract 5 on both sides

y=9/4x+4

2. Write the equation of the line in point-slope form.
(-1,3) and (2,9)

Answers

Answer:

y - 9 = 2 (x - 2)

Step-by-step explanation:

y2 - y1 / x2 - x1      9 - 3 / 2 - (-1)      6/3    = 2

y - 9 = 2 (x - 2)

Please Answer This!!! I NEEEDDD TOOO KNOWWWWW ANSWER!!!

Answers

Answer:

77.5

Step-by-step explanation:

Its rising at a constant rate between +10-15 each hour, so we if we were to add 25 or so to the 50, it would be close to 77.5, so I would assume the answer was B

Prove that: sec⁴B - sec²B = tan⁴B + tan²B.​

Answers

Step-by-step explanation:

sec⁴B - sec²B = sec²B(sec²B - 1)

= (1 + tan²B)(tan²B)

= tan⁴B + tan²B

= Right-hand side (Proven)

____________ is/are when data is analyzed in order to make decisions about the population behind the data.
A. Experiments
B. Simulations
C. Surveys
D. Statistics

Answers

Answer:

statistics are when data analyzed in order to make decisions about the population behind the data.

The correct answer to the question is Statistics (Option D).

What is statistics?

Statistics is a field of study in mathematics which deals with raw data. It is a tool which refines the data to produce meaningful results and a pathway to better understanding of it.

Some examples of raw data can be population sample which loves to see a particular TV show or a sample of students getting so and so marks in Math test.

Data is analyzed mainly by three different measure of central tendency that is mean, median and mode.

Mean is the average value of given discrete data.Median is the middle value when the data is sorted in ascending or descending order.Mode is the value that has highest frequency.

Therefore, Statistics the correct answer.

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Triangle DEF has sides of length x, x+3, and x−1. What are all the possible types of DEF?

Answers

Triangle DEF is scalene

Must click thanks and mark brainliest

The triangle DEF will be a scalene triangle as all the sides of the triangle are unequal.

What is a scalene triangle?

A scalene triangle is a type of triangle which have all the sides to be unequal and similarly, all the angles will also be unequal to each other.

Given that:-

Triangle DEF has sides of length x, x+3, and x−1

it is given that all the sides of the triangle are x, x+3, and x−1 we can clearly see that for any value of x all the three sides will have different values. we can conclude from this that the triangle DEF is a scalene triangle.

Therefore triangle DEF will be a scalene triangle as all the sides of the triangle are unequal.

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Given the linear function f(x) 2/3x + 6 evaluate f(-6)

Answers

the answer is on the photo

simplify 7-(3n+6)+10n​

Answers

Answer:

1 + 7n

Step-by-step explanation:

7-(3n+6)+10n​

7 - 3n - 6 + 10 n

1 - 7n

Answered by Gauthmath

4. Lynn can walk two miles intenta
24 minutes. At this rate, how long will
it take her to walk 6 miles?

Answers

Lynn will take 1 hour and 12 minutes to walk
6 miles.

Which of the following quadratic equations is written in general form?

Answers

The 3rd one

Step-by-step explanation:

Reason being that it has no factors, meaning it cannot be simplified any further, but quadratic method can be used to attain factors.

hope it makes sense :)

Hi! I'd appreciate if you could help me on this question.

Liam is buying bottles of soda in packages that contain 8 bottles each. If the total number of sodas Liam bough t was between 45 and 50, how many did he buy? Explain your answer.

Answers

Answer:

48

Step-by-step explanation:

We need to find the multiples of 8

8,16,24,32,40,48

48 is between 45 and 50 so he must have bought 48

Answer:

6 bottles

Step-by-step explanation:

For this question we need to know the multiple of 8 which are:

8 x 1 = 8

8 x 2 = 16

8 x 3 = 24

8 x 4 = 32

8 x 5 = 40

8 x 6 = 48

8 x 7 = 56

There is only one multiple, which is greater than 45 but less than 50, which is 8x6 l.

This means he bought 6 bottles.

Answered by g a u t h m a t h

If a and b are positive numbers, find the maximum value of f(x) = x^a(2 − x)^b on the interval 0 ≤ x ≤ 2.

Answers

Answer:

The maximum value of f(x) occurs at:

[tex]\displaystyle x = \frac{2a}{a+b}[/tex]

And is given by:

[tex]\displaystyle f_{\text{max}}(x) = \left(\frac{2a}{a+b}\right)^a\left(\frac{2b}{a+b}\right)^b[/tex]

Step-by-step explanation:

Answer:

Step-by-step explanation:

We are given the function:

[tex]\displaystyle f(x) = x^a (2-x)^b \text{ where } a, b >0[/tex]

And we want to find the maximum value of f(x) on the interval [0, 2].

First, let's evaluate the endpoints of the interval:

[tex]\displaystyle f(0) = (0)^a(2-(0))^b = 0[/tex]

And:

[tex]\displaystyle f(2) = (2)^a(2-(2))^b = 0[/tex]

Recall that extrema occurs at a function's critical points. The critical points of a function at the points where its derivative is either zero or undefined. Thus, find the derivative of the function:

[tex]\displaystyle f'(x) = \frac{d}{dx} \left[ x^a\left(2-x\right)^b\right][/tex]

By the Product Rule:

[tex]\displaystyle \begin{aligned} f'(x) &= \frac{d}{dx}\left[x^a\right] (2-x)^b + x^a\frac{d}{dx}\left[(2-x)^b\right]\\ \\ &=\left(ax^{a-1}\right)\left(2-x\right)^b + x^a\left(b(2-x)^{b-1}\cdot -1\right) \\ \\ &= x^a\left(2-x\right)^b \left[\frac{a}{x} - \frac{b}{2-x}\right] \end{aligned}[/tex]

Set the derivative equal to zero and solve for x:

[tex]\displaystyle 0= x^a\left(2-x\right)^b \left[\frac{a}{x} - \frac{b}{2-x}\right][/tex]

By the Zero Product Property:

[tex]\displaystyle x^a (2-x)^b = 0\text{ or } \frac{a}{x} - \frac{b}{2-x} = 0[/tex]

The solutions to the first equation are x = 0 and x = 2.

First, for the second equation, note that it is undefined when x = 0 and x = 2.

To solve for x, we can multiply both sides by the denominators.

[tex]\displaystyle\left( \frac{a}{x} - \frac{b}{2-x} \right)\left((x(2-x)\right) = 0(x(2-x))[/tex]

Simplify:

[tex]\displaystyle a(2-x) - b(x) = 0[/tex]

And solve for x:

[tex]\displaystyle \begin{aligned} 2a-ax-bx &= 0 \\ 2a &= ax+bx \\ 2a&= x(a+b) \\ \frac{2a}{a+b} &= x \end{aligned}[/tex]

So, our critical points are:

[tex]\displaystyle x = 0 , 2 , \text{ and } \frac{2a}{a+b}[/tex]

We already know that f(0) = f(2) = 0.

For the third point, we can see that:

[tex]\displaystyle f\left(\frac{2a}{a+b}\right) = \left(\frac{2a}{a+b}\right)^a\left(2- \frac{2a}{a+b}\right)^b[/tex]

This can be simplified to:

[tex]\displaystyle f\left(\frac{2a}{a+b}\right) = \left(\frac{2a}{a+b}\right)^a\left(\frac{2b}{a+b}\right)^b[/tex]

Since a and b > 0, both factors must be positive. Thus, f(2a / (a + b)) > 0. So, this must be the maximum value.

To confirm that this is indeed a maximum, we can select values to test. Let a = 2 and b = 3. Then:

[tex]\displaystyle f'(x) = x^2(2-x)^3\left(\frac{2}{x} - \frac{3}{2-x}\right)[/tex]

The critical point will be at:

[tex]\displaystyle x= \frac{2(2)}{(2)+(3)} = \frac{4}{5}=0.8[/tex]

Testing x = 0.5 and x = 1 yields that:

[tex]\displaystyle f'(0.5) >0\text{ and } f'(1) <0[/tex]

Since the derivative is positive and then negative, we can conclude that the point is indeed a maximum.

Therefore, the maximum value of f(x) occurs at:

[tex]\displaystyle x = \frac{2a}{a+b}[/tex]

And is given by:

[tex]\displaystyle f_{\text{max}}(x) = \left(\frac{2a}{a+b}\right)^a\left(\frac{2b}{a+b}\right)^b[/tex]

18. The maintenance department ordered $3,450 worth of supplies from a valve and fitting supplier. The
supplier will allow a 15% discount because of the large order. How much will the maintenance department
have to pay for the supplies?
A. $2,932.50
B. $3,398.25
C. $3,406.45
D. $2,954.50

Answers

Answer:

A) [tex]\$\ 2932.5[/tex]

Step-by-step explanation:

One is given that a certain amount of money was allotted to be spent on supplies. However, there was a discount applied to the purchase. One is asked to find the amount of money actually spent on the supplies.

$3450 was the initial price that was to be spent on supplies, however, a (15%) discount was applied to this price. Subtract (15) from (100) to find the percent value that was actually spent on supplies.

[tex]100-15=85[/tex]

(85%) of the allotted money was actually spent on supplies. Now one has to find out the numerical value of the amount spent. Divide (85) by (100) and then multiply it by the amount of money allotted to the purchase, to fin the amount actually spent on the purchase.

[tex]3450*(\frac{85}{100})\\\\=3450*0.85\\\\=2932.5[/tex]

1. In the past, Sam cashed his paycheck each month at Ready Cash, a check cashing service that
charges a 5% fee. He recently opened a checking account at Bank of America so he can now
deposit and/or cash his paycheck without a fee. If Sam is making $28,500 per year, how much will
he save by not going to Ready Cash anymore?

Answers

Step-by-step explanation:

28000 ÷ 100

=280

280 × 5

=1400

The sum of two numbers is 41. The larger number is 17 more than the smaller number. What are the numbers?
Larger number:
Smaller number:

Answers

Let x = the larger number
Let x - 17 = the smaller number
x + x + 17 = 41
2x + 17 = 41
2x = 58
x = 29
x - 17 = 29 - 17 = 12

Surface Area of cones
Instructions: Find the surface area of each figure. Round your answers to the nearest tenth, if necessary.

Answers

9514 1404 393

Answer:

  64.1 ft²

Step-by-step explanation:

The area of the cone is given by ...

  A = πr(r +h) . . . . for radius r and slant height h

  A = π(2 ft)(2 ft +8.2 ft) ≈ 64.1 ft²

could anyone help me solve this? I’ve had several questions like this and I don’t understand how to solve it. I’ll give brainliest:)

Answers

Answer:

-2, - 1, - 2 and - 3

Step-by-step explanation:

As the graph depicts an odd function, it will follow the rule f(-x) = - f(x)

Please help‼️
Given O below, if XY and YZ are congruent, what is the measure of chord XY?

Answers

Answer:

11.2

Step-by-step explanation:

yz = 11.2

since the corresponding arc of yz and xy are same, their measures will ba same too

Answered by GAUTHMATH

Answer:

11.2

Step-by-step explanation:

good luck!

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