Problem 1 (Spoints/questions =40 points) Vina case Vina is deciding whether to study to President Un

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Problem 1 (Spoints/questions =40 points) Vina case Vina is deciding whether to study to President University for 6 weeks this Problem 1 (Spoints/questions =40 points) Vina case Vina is deciding whether to study to President University for 6 weeks this semester. The cost of tuition and textbooks is Rp20.000.000 and housing and other expenses will cost her Rp10.000.000. If she does not go to President University, she will live in her parents' house for free in Mangga Dua, Jakarta and they will cover her food and other expenses for her. Also, if Vina does not study for this semester she could work fulltime. But the best job she can get pays only Rp1.000.000 per week, and Vina would only agree to give up her free time for no less than Rp2.500.000 per week. However, if she goes to President University to this semester, she'll have to spend 40 hours a week attending classes and studying. 01) a) What will the President University Semester cost Vina in terms of money spent? 02) b) What are the opportunity costs of going to study to President University that Vina does not pay explicitly? Explain. 03) c) What is Vina's total opportunity cost of going to study to President University this semester? Explain your answer. 04) d) Suppose that if Vina does not go to study to President University, she will eventually take the classes anyway. What is Vina's marginal benefit of going to President University Semester? 05) e) Suppose Vina decides to study to President University in the semester. Explain her decision using the concepts of marginal cost and marginal benefit.

 
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