ws1a4 - Chapter 1 problems Running head CHAPTER 1 PROBLEMS...

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Chapter 1 problems 1 Running head: CHAPTER 1 PROBLEMS Chapter 1 problems Mary Batchelor Indiana Wesleyan
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Chapter 1 problems Chapter 1 9. Discuss the impact of rational self-interest on each of the following decisions. a. Whether to attend college full time or enter the workforce full time. The impact of rational self interest in this situation would be the weight of the cost of going back to college verses the amount of money that can be made with a college education. As well as with going to work full time, the benefit of money in hand immediately verses the lack of money potential in the future. b. Whether to buy a new text book or a used one. The cost of a new text book verses the benefit of having a guarantee that all the information that is needed for the class is in the book. Or the minimized cost of a used book with the risk of not having all the information needed to complete the class. c. Whether to attend a local college or an out of state college. The lower cost of attending an in-state college verses lower accredited programs, and an out of state college, the higher price of going to school out of state verses better programs in your potential filed. Chapter 1 Appendix 1. Look at exhibit 5 and answer the following questions a. In what year (approximately) was the unemployment rate the highest? In what year was it
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