Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You wish to take an Excel course. You may enroll at one within your school or you may take a community class at the local

You wish to take an Excel course. You may enroll at one within your school or you may take a community class at the local library. You've gathered the following information to aid in your decision-making process.

Costs/Benefits College Course Community Course
Cost $3,000 $1,000
Distance to course 0.25 miles (walking distance) 15 miles (driving distance)
Timing of course Weekday Weekend
Number of meetings 16 8
Qualitative considerations Convenience, quality of instruction Flexibility, brief duration

Consider the transportation cost. At what point would you be indifferent between alternatives?

Transportation cost of $200 per class for the community course

Transportation cost of $150 per class for the community course

Transportation cost of $250 per class for the community course

Transportation cost of $300 per class for the community course

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Authors: Jeff Madura

4th Edition

0136117007, 9780136117001

More Books

Students also viewed these Finance questions

Question

5. What are the other economic side effects of accidents?

Answered: 1 week ago