1. Your decision to enrol as a student of GIMPA was a well thought through one...

Your decision to enrol as a student of GIMPA was a well thought through one informed by weighing the short and long-run costs and returns carefully. After thorough deliberation, you concluded that, it is a necessary investment to make to advance your career. You were very happy when you estimated that your life-time total net worth (Nw) will depend on the following factors in your worth equation:

?? =40,000−0.9?+2.2?+5.4?+1.5?

Where I is your investment or cost of GIMPA education, K is your knowledge accumulation at GIMPA, E is the overall experience accumulation at GIMPA and N is the net-working factor at GIMPA.

a) Provide a detailed interpretation of your life-time worth equation.

b) Suppose that your investment in GIMPA education is GHc 30,000, your

knowledge accumulation at GIMPA is worth GHc 500,000, your overall experience accumulation at GIMPA is worth GHc 250,000 and your net-working factor is worth GHc 500,000, find and explain your life-time total net worth and elasticities of your knowledge accumulation, experience accumulation, net- working factor to your life-time total net worth.

c) Hence, why should you take your knowledge accumulation, experience accumulation and net-working very seriously during your time at GIMPA?

Solutions

Expert Solution

Part (A)

greater investment in education at GIMPA decreases person's life time net worth

higher amount of knowledge acquired by a person at GIMPA increases his lifetime net worth

higher the years of experience at GIMPA increases his lifetime net worth

higher net working factor at GIMPA increases person's lifetime networth

Part (B)

Part (C)

student should acquire more knowledge, experience and net working at GIMPA because knowledge accumulation, experience accumulation and net working factor have positive elasticity with respect to life time net worth

Rahul Sunny answered 1 month ago

Next > < Previous

Related Solutions

Post your response and recommendations in a well thought out manner. Provide reasons to explain your...

Post your response and recommendations in a well thought out manner. Provide reasons to explain your position on the issue. Your response should demonstrate thoughtful consideration of the ideas and concepts that are presented in the discussion and provide new thoughts and insights directly related to the topic. Your response should reflect scholarly writing and follow current APA standards. Discussion Questions and Critical Thinking/Ethical Case 1. What are the functions of accounting? 2. Define, compare, and contrast sole proprietorships, partnerships,...

A student carried out reactions A through D as designed in Table 1 in your electronic...

A student carried out reactions A through D as designed in Table 1 in your electronic lab manual, plotted log(rate) vs. log(I-) in EXCEL, and the linear regression yielded the following equation: y = 2..732x-1.032; and the plot of log(rate ) vs. log [IO3-] yield y = 1.368x-1.674. The order for I- is? The order for IO3- is?

In a well thought-out post of 500 words or more (in your own words), please answer...

In a well thought-out post of 500 words or more (in your own words), please answer the following. Please use the proper APA citation process for referencing: In what ways might managers employ attribution theory in a diverse, multicultural setting? In what ways might employees employ attribution theory as it relates to a diverse, multicultural setting? As a professional, what would you do to ensure that biases developed over life, are nullified, to promote differences? What potential conflicts could you...

If you are weighing the options of starting your own business after graduation from GIMPA or...

If you are weighing the options of starting your own business after graduation from GIMPA or seeking a job in the public service, explain how your knowledge of the following concepts will inform your decision to either start your own business or seek a job in the public service: a) Economic trade-offs and opportunity cost b) Deductive and inductive methods of economic analysis c) Economic Efficiency

Write a well reasoned one page argument on NCAA policies regarding amateurism and the student athlete...

Write a well reasoned one page argument on NCAA policies regarding amateurism and the student athlete model.

Student Loan. Is it worth it? why or why not be creative thought how does it...

Student Loan. Is it worth it? why or why not be creative thought how does it affect student when they graduated with a student loan

(The Ramayana of Valmiki) Choose one specific decision in The Ramayana where Rama honors dharma through...

(The Ramayana of Valmiki) Choose one specific decision in The Ramayana where Rama honors dharma through his dedication to his duties and obligations. Explain the result of Rama's decision. In addition, explain whether or not you would have made the same decision and why.

True or False and support your decision 1.) if Ax=0 has only one trivial solution, then...

True or False and support your decision 1.) if Ax=0 has only one trivial solution, then Ax=0 has a unique solution. 2.)The linear system given by Ax=0 consisting of 3 equations and 4 unknowns has infinitely many solutions 3.) If the vector set {v,u,w} is linearly independent, then w is a linear combination of u and v 4.) If A is a 3by5 matrix with 3 pivots,then the columns of A span R5

Have you ever thought about personality theory through a biblical worldview? What traits make up your...

Have you ever thought about personality theory through a biblical worldview? What traits make up your personality? Write down three core personality traits that you feel best define you. Next, ask two other people to describe your personality in three words. Share your list with the class and share the lists from the other individuals. Did you gain any new insight? How can you use these traits to advance the Kingdom of God on a personal and professional level?

I am looking for a detailed and well presented answer. Organize your work and think through...

I am looking for a detailed and well presented answer. Organize your work and think through the information. Make sure it is in your own words. You are expected to research the information. make sure to include your references. What is the catalase test? Coagulase test? What does it mean to be: Catalase + Catalase - Coagulase + Coagulase - When working with an unknown that may be Staphylococcus (but you are not sure), how can the two tests help?...

Subjects