mjb08a_M11_RETURNED - The Market Strikes Back Price...

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Unformatted text preview: The Market Strikes Back Price Quantity Demanded Quantity Supplied $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 $5.50 $6.00 $6.50 $7.00 $7.50 $8.00 $8.50 $9.00 $9.50 $10.00 $12.00 $10.00 $8.00 Price $6.00 $4.00 $2.00 $0.0 2.0 10.0 9.5 9.0 8.5 8.0 7.5 7.0 6.5 6.0 5.5 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 8.5 9.0 9.5 10.0 The Market Strikes Back 4.0 Qty 6.0 8.0 es Back Ceiling $4.00 Floor $8.00 $4.00 $4.00 $4.00 $4.00 $4.00 $4.00 $4.00 $4.00 $4.00 $4.00 $4.00 $4.00 $4.00 $4.00 $4.00 $4.00 $4.00 $4.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 $8.00 es Back Column A Column A Column D Column E 6.0 8.0 10.0 12.0 Opportunity Cost The cost of a College Education Your view Tuition Room and Board Food Books Scholarships (Neg) Total The opportunity cost of a decision is the value of the next best alternative that must be given up because of that decision (for example, working instead of going to college). Opportunity Cost The cost of a College Education Economist View Tuition Room and Board Food Books Scholarships (Neg) Salary Rent at Home (Neg) Home Food (Neg) Total The opportunity cost of a decision is the value of the next best alternative that must be given up because of that decision (for example, working instead of going to college). Opport Your view The cost of a C Tuition Room and Board Food Books Scholarships (Neg) Total The opportunity cost of a decision is the value of the next best alternative that must be given up because of that decision (for ex Opportunity Cost Cost / Year st of a College Education $19,200.00 $3,600.00 $2,400.00 $1,000.00 $(3,000.00) $23,200.00 next best alternative that must be given up because of that decision (for Opportunity Cost Cost / Year st of a College Education $19,200.00 $3,600.00 $2,400.00 $1,000.00 $(3,000.00) $24,960.00 $(1,200.00) $(4,800.00) $42,160.00 next best alternative that must be given up because of that decision (for Opportunity Cost The cost of a College Education Cost / Year $19,200.00 $3,600.00 $2,400.00 $1,000.00 $(3,000.00) $$$$23,200.00 next best alternative that must be given up because of that decision (for example, working instead of going to college). ion (for ion (for Opportunity Cost Economist View st of a College Education Tuition Room and Board Food Books Scholarships (Neg) Salary Rent at Home (Neg) Home Food (Neg) Total on (for example, working instead of going to college). Cost / Year $19,200.00 $3,600.00 $2,400.00 $1,000.00 $(3,000.00) $24,960.00 $(1,200.00) $(4,800.00) $42,160.00 Key Student ID First Name Last Name Email Assignment Assignment 1 9370affde322f57ea133b5ee53f561f4a 000425711 Matthew Brown mjb08a@acu.edu M11 In Class Activity M11 Excel Activity ...
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