Why do you think that college enrollmentshave flattened from 2010 to 2019 and areprojected to be flat up to 2030?What was happening in 2010?How have the "marginal benefits" of goingto college changed recently?How have the "marginal costs" of going tocollege changed recently?You might have some ideas ofhow "marginal benefits" or "marginalcosts" have changed recently--statethose. Or try to find a news articlethat suggests a particular change inpeople's perceptions of the net benefitof college.College Enrollment: Public & Private, 2019 (millions)(Source: statista.com)16.0014.0012.0010.008.006.004.002.000.0019801990 2000 2010 20202030-Public-Private1960 19702040

When making decisions, rational consumers want to maximize their own utility or satisfaction. Often,…

Why do you think that college enrollments have flattened from 2010 to 2019 and are projected to be flat up to 2030? What was happening in 2010? How have the "marginal benefits" of going to college changed recently?

Why do you think that college enrollments have flattened from 2010 to 2019 and are projected to be flat up to 2030? What was happening in 2010? How have the "marginal benefits" of going to college changed recently?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: Shannon has decided to spend less time on social media because she needs to improve her grades. What…

A: In economics, an opportunity cost represents the potential benefits a consumer, individual or…

Q: Which is not one of the five fundamental questions that an economy must deal with? How will the…

A: The fundamental economic problem is one of scarcity. The main purpose of studying economics is to…

Q: According to economists why do students tend to study?

A: Through a variety of perspectives, economists and social scientists examine student behaviour,…

Q: Consider the U.S. during the Great Depression and WWII –fertility rates were low (between 1929 and…

A: Fertility rate refers to the average number of babies that would be born to a women in her lifetime…

Q: Why do business people study economics?

A: Demand for a good refers to the quantity of that good with the consumers are willing and able to…

Q: Which of the following statements are positive, and which are normative? i. If interest rates…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Can innovation and new production technologies delay or stop the occurrence of diminishing returns?

A: Diminishing returns The diminishing returns is very much an economic principle that states that when…

Q: How do major issues that emerged in the 1980's- for example AIDS, The War On Drugs, and mass…

A: Answer in Step 2

Q: In the 1870s and 1880s, the US economy grew faster than ever before and quickly became the largest…

A: The United States of America witnessed rapid industrialization after the Civil War ended and this…

Q: Do you think state run colleges should be free? Who benefits from free college tuition? Who might…

A: Public services are those services that are for the people of thr country. These services are…

Q: How do economic factors such as a recession or consumers having more money impact the demand and…

A: The interest rate in the economy helps to identify the level of policies in the economy as well as…

Q: What are some of the steps economies take to recover the market after the crash?

A: Following a recession, economic recovery is defined as a period of persistent improvement in…

Q: Explain complex economic concepts to a reporter through an email pitch.

A: Hi [Reporter's Name],I hope this message finds you well. I would love to discuss two key economic…

Q: d. If the Federal Reserve purchases $5 million in government bonds, and if the required reserve…

A: Largest possible increase in money = Initial increase in money supply * money multiplier. Money…

Q: The opportunity cost of any decision that you make involves giving up something. I would like you to…

A: The opportunity cost is the cost of the next best alternative that is being foregone by the…

Q: Your time is a scarce resource. What if the quantity of time were increased, say to 48 hours per…

A: Scarcity:Scarcity refers to the basic economic problem that arises because resources (including…

Q: In my view, the major economic challenges facing our society and our generation in particular would…

A: The given question has been answered from the generalized perspective of Macroeconomics.The…

Q: How do you feel that business cycles and the health of the economy affect the value of your labor?

A: ANS Business cycles comprise of two phases namely a phase of expansion and a phase of contraction.…

Q: How did businesses change over the period 1870-1900? Provide three examples of successful people,…

A: The organisation and management of American industry underwent a significant transformation in the…

Q: The company that you manage has invested $5 million in developing a new product, but the development…

A: Sunk Cost: It refers to the cost that has already been incurred and can’t be recovered back and…

Q: What do you see as the strongest moral consideration in favor of capitalism? What do you see as the…

A: Capitalism is an economic system in which the means of production and distribution are privately or…

Q: Give two examples of opportunity one can face today

A: Opportunity cost is the cost of next alternative forgone while making decision, i.e. it is the loss…

Question

Why do you think that college enrollments
have flattened from 2010 to 2019 and are
projected to be flat up to 2030?
What was happening in 2010?
How have the "marginal benefits" of going
to college changed recently?
How have the "marginal costs" of going to
college changed recently?
You might have some ideas of
how "marginal benefits" or "marginal
costs" have changed recently--state
those. Or try to find a news article
that suggests a particular change in
people's perceptions of the net benefit
of college.
College Enrollment: Public & Private, 2019 (millions)
(Source: statista.com)
16.00
14.00
12.00
10.00
8.00
6.00
4.00
2.00
0.00
1980
1990 2000 2010 2020
2030
-Public-Private
1960 1970
2040

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Why are many people now living at the highest level of material prosperity in history? Is this level of consumption sustainable? How can we consume less while improving our quality of life?
In The Wealth of Nations (1776), Adam Smith wrote, “The most decisive mark of the prosperity of any country is the increase in the number of its inhabitants.” How would Smith’s view have to be revised today? How would you explain the change to Smith?
What is the youth’s role in shaping our future?
The opportunity cost of working is __ Select one: a. the wage you earn for the time spent working. b. too high to even consider not working. c. what you can buy because you worked. d. what you would have done during the time if you were not working.
A Production Possibilities Curve can be used to illustrate unemployment and the country’s decision to produce more capital goods and fewer consumer goods, but it cannot show the impact of that decision one or two periods in the future. What is wrong with this statement? Correct after the bolded lettering.
Explain why the three goals (economic growth,low unemployment, and low inflation) of macroeconomics are relevant?
What are two changes related to the new economy and the world of work that you think are needed and that you'd like to see addressed within the next 10 years? Why do you think these are necessary?