Extra Credit 1

Extra Credit 1 - Extra Credit Homework #1: Due September...

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Extra Credit Homework #1 : Due September 6 th by the end of your scheduled class. Directions : All homework answers MUST be TYPED. No EMAIL SUBMISSIONS. The homework is collected in class. If you can’t be in class then send your homework with a friend or turn it in EARLY under my office door (606 Kern) with your name and section time clearly marked. (1) Watch The Family Man in the Economics in the Movies workbook and answer the following questions ($1,000): What is the opportunity cost (concept from chapter 2 which we will discuss on Tuesday’s class) of moving to the city? What is the opportunity cost of staying in Jersey? The cost of moving to the city is that the kids will have to change schools, and both Jack and his wife will have to start over in a new place. However, the cost of staying in Jersey is that their family will not be as economically successful, and Jack will feel disappointed in his mediocre life. Jack wants a “perfect life.” Do you think that this is possible? (Recall what I said
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Extra Credit 1 - Extra Credit Homework #1: Due September...

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