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Imagine that in the Summer of 2 0 2 4 , you have the option to either work part - time during your summer break
Imagine that in the Summer of you have the option to either work parttime during your summer break and earn $ per hour or take an unpaid internship related to your field of study with your professor. The internship will enhance your skills and improve your chances of landing a higherpaying job in the future. If you decide to take the unpaid internship, it will require hours per week for weeks. During this time, you could have worked parttime and earned $ per hour. The expected value of the internship in monetary terms is $ A Calculate the opportunity cost of choosing the unpaid internship in monetary terms points B Based on a purely economic costbenefit analysis, would you choose the internship or take up the parttime job? Explain why points
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