(Answered) Luke wants to take classes at the local community college

Economics

Luke wants to take classes at the local community college in the hopes of getting a job that pays $40,000 after he finishes. He expects to earns $15,000 per period if he just works for his mom's company. The school's cost of attendance is $3,000 and only lasts one period.

Calculate his internal rate of return assuming that Luke must pay for school immediately, cannot work while going to school, and will work for 1 period after he finishes school.

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M92778960
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Business Economics

Suppose you have used the following production function to

Suppose you have used the following Production Function to estimate the Industry's average and marginal products for its inputs: Q = 150 L1/4K1/3 M1/5. Where Q stands for output; L is labor; K is capital (machine hors) a ...

You sell bicycle theft insurance if bicycle owners do not

You sell bicycle theft insurance. If bicycle owners do not know whether they are high- or low-risk consumers, is there an adverse selection problem?

Given a binomial random variable x successes where the

Given a binomial random variable, X = # successes, where the sample size (n) and the probability of a success (p) are given on right, calculate P(X n =20 p =0.3 a =2 Given a binomial random variable, X = # succ ...

Explain the long-run effects of the guiding function of

Explain the long-run effects of the guiding function of price.

What does the term the ten principles of economics and how

What does the term the Ten Principles of Economics and how it's applied to the consumer buying trends?

A wall street journal article noted that a study by us

A Wall Street Journal article noted that a study by U.S. Congressional Budget Office "estimated raising the minimum wage to $10.10 per hour reduced U.S employment by 500,000 but lift 900,000 Americans out of poverty ". a ...

What are the key principles and tenets that any educated

What are the key principles and tenets that any educated person should know regarding the science of economics and their applicability in the world today?

We perform a statistical test to examine if the mean

We perform a statistical test to examine if the mean lifetime of lab mice increases when given vitamin B12 compared to a placebo. Which of the following is a Type I error? Conclude that Vitamin B12 increases the mean lif ...

Q1 the market for apples is perfectly competitive say a

Q1. The market for apples is perfectly competitive. Say a typical firm has a marginal cost function of MC(q) = 2q. (1) The optimal quantity of apples to produce is 10 for the typical firm. How much revenue does the firm ...

Smithco is a supplier to many brand name makers of mobile

SmithCo is a supplier to many brand name makers of mobile phones. SmithCo manufactures the external shells that enclose mobile phones. The strength of a shell is measured by applying increasing pressure to the shell and ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert