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# Kazee Essay

• Submitted by: florianus
• on January 25, 2013
• Category: History
• Length: 474 words

Below is an essay on "Kazee" from Anti Essays, your source for research papers, essays, and term paper examples.

02.   Opportunity cost is the best alternative foregone, left behind or sacrificed due to the choice of another alternative. It is the real cost of obtaining something. Opportunity cost is the result of scarce resources and unlimited human wants which force an individual or society to make choice on an available alternatives.
Before coming to Sokoine University Agriculture (SUA) for degree studies I had a job opportunity at KAGERA SUGAR CAMPANY LTD where I could be paid Tsh.200,000 per month. Therefore the opportunity cost of coming SUA is the job opportunity at KAGERA SUGAR COMPANY LTD
The opportunity cost of joining the university can be computed through adding the estimated cost of university with the income I could earn if I could have decided to join KAGERA SUGAR COMPANY LTD for 3 years. This will be as follows:-
1. The cost that I will incur in SUA in three years
a. My tuition fee and housing cost in SUA   is (1,263,000 + 160,000 ) = 1,423,000 Tsh per year
b. Cost of education in SUA = 3 years in SUA × 1,423,000 Tsh= 4,269,000 Tsh
2. The estimated annual income I could earn by going directly at KAGERA SUGAR COMPANY LTD is   (200,000 Tsh × 12) = 2,400,000 Tsh per year
a. Income lost = 3 years not in SUA   × annual income at KAGERA SUGAR COMPANY LTD
Income lost = 3 × 2,400,000= 7,200,000 Tsh
b. Opportunity cost = income lost + cost of education
Opportunity cost = 7,200,000 Tsh + 4269000 Tsh= 11,469,000 Tsh
Therefore the opportunity cost of coming to SUA for my degree studies is 11,469,000 Tsh
3. The estimated 10 years earnings with my high school education only at KAGERA SUGAR COMPANY LTD
10 years × annual income = 10 years earnings
10 × 2,400,000 = 24,000,000 Tsh
4. The estimated 7 years earning with bachelor’s degree suppose I will be paid 1,000,000 per month
Estimated annual earning working as a degree holder is (1,000,000 ×12) =12,000,000 Tsh
7 years earning with a degree = 7 ×...

• Submitted by: florianus
• on January 25, 2013
• Category: History
• Length: 474 words
• Views: 184
• Popularity Rank: 511900
• 1 rating(s)

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##### MLA Citation

"Kazee". Anti Essays. 9 Dec. 2018

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##### APA Citation

Kazee. Anti Essays. Retrieved December 9, 2018, from the World Wide Web: http://parimatch-stavka7.com/free-essays/Kazee-393206.html

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