An economics professor at Prince Town University devotes 60% of her time to teaching, 35% of her time to research and writing, and 5% of her time to service activities such as committee work and student advising. The professor teaches two semesters per year. During each semester, she teaches one section of an introductory economics course (with a maximum enrollment of 50 students) and one section of a graduate economics course (with a maximum enrollment of 30 students). Including course preparation, classroom instruction, and appointments with students, each course requires an equal amount of time. The economics professor is paid $250,000 per year.

Determine the activity cost of instruction per student in both the introductory and the graduate economics courses.

Stage 1ABC at a College: Assigning Costs to Activities economics professor is paid $250,000 per year. Determine the activity cost of instruction per student in both the introductory and the graduate economics courses. You have correctly selected 0. Marks for this submission: 0.00/5.00