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3 Pages

PSOL1ECON10010

Course: ECON 1000, Spring 2012
School: University College Dublin
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Word Count: 1114

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10010: 1ECON PROBLEM SET No. 1 SOLUTIONS 1. You or your family have probably tried to estimate the cost of going to University: Suppose Tuition charges and books are 1,000, food and other living expenses are 5,000, you live near the Campus so there are no accommodation or transport costs. The alternative to University is a job which pays 15,000. What is the opportunity cost of going to University? How does it...

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University College Dublin - ECON - 1000
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