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Other Fields Homework Help Economics Topic started by: jayboskeet on Dec 11, 2022



Title: Kevin has a lot of free time, and he decides to pick up a new hobby. He has two optionshe can take ...
Post by: jayboskeet on Dec 11, 2022
Kevin has a lot of free time, and he decides to pick up a new hobby. He has two options—he can take art classes or sign up for cooking classes. He estimates that the art classes would cost him $70 and would provide him with a benefit of $100. In contrast, the cooking classes would cost him $120 but provide him benefits worth $160. Use cost-benefit analysis to arrive at the optimum choice for Kevin.


Title: Kevin has a lot of free time, and he decides to pick up a new hobby. He has two optionshe can take ...
Post by: naderaide on Dec 11, 2022
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