Question

What are some opportunity costs for students who are planning to go into med school?

What are some opportunity costs for students who are planning to go into med school?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Opportunity cost for students who are planning to go to med school are the following-

Extra 4-5 years spent in med school, the student has to sacrifice this time which he could use for other activities like sleeping, wandering, etc.

For med school student has to foregone opportunity of working in other fields, thus they lose the salary which he could earn otherwise.

Students rack up debt they have to pay for the expenses of room and food for studying in school, which they otherwise would not incur.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A medical school claims that 38% of its students plan to go into general practice. It...
A medical school claims that 38% of its students plan to go into general practice. It is found that among a random sample of 163 of the school’s students, 28% of them plan to go into general practice. Conduct a hypothesis test to determine if the proportion of medical students who plan to go into general practice is actually higher than what the school claims. a. What are the hypotheses? b. Find the test statistic and p-value. c. Form a...
The informal groups, as the name suggests, are the group of some students in a school...
The informal groups, as the name suggests, are the group of some students in a school or group of some employees in an organization, who meet together to discuss or work on some ideas with their own initiatives. They do not work under any direction or initiative from the school or the office.
The informal groups, as the name suggests, are the group of some students in a school...
The informal groups, as the name suggests, are the group of some students in a school or group of some employees in an organization, who meet together to discuss or work on some ideas with their own initiatives. They do not work under any direction or initiative from the school or the office.
A medical school claims that more than 28% of its students plan to go into general...
A medical school claims that more than 28% of its students plan to go into general practice. It is found that among a random sample of 130 of the school's students, 51 of them plan to go into general practice. What is the conclusion( at a 5% significance level)?
In a certain high school, uniforms are optional. A study shows that high school students who...
In a certain high school, uniforms are optional. A study shows that high school students who wear uniforms have a lower grade average than students who don't wear uniforms. From this study, the school administration claims that they should not require the students to wear uniforms because that is the cause of the lowering grades. Another possible explanation is that students who wear uniforms are poorer than the students who don't wear uniforms and the economic situation of their parents...
The opportunity cost of attending college is likely higher for a high-school graduate who leaves a...
The opportunity cost of attending college is likely higher for a high-school graduate who leaves a job grilling hamburgers than it is for a high-school dropout who leaves a job working as a computer network administrator.
A medical school claims that more than 29% of its students plan to go into general...
A medical school claims that more than 29% of its students plan to go into general practice. It is found that among a random sample of 44 of the school's students, 36% of them plan to go into general practice. Find the P-value for a test to support the school's claim.
What are some of the opportunity costs the typical online student deals with? please make this...
What are some of the opportunity costs the typical online student deals with? please make this atleast one paragraph. this is for an economics class. thank you
What are opportunity costs in general? What are the opportunity costs for entrepreneurs?
What are opportunity costs in general? What are the opportunity costs for entrepreneurs?
A medical school claims that more than 28% of its students plan to go into general...
A medical school claims that more than 28% of its students plan to go into general practice. It is found that among a random sample of 130 of the school's students, 39% of them plan to go into general practice. Find the P-value for a test of the school's claim. How do I do this in a TI-84?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT