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Title: Kevin has a lot of free time and he decides to pick up a new hobby. He has two options—he can take ...
Post by: whipped on May 22, 2017
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 can sign up for French cooking classes. He estimates that the art classes would cost him $70, and would provide him with a benefit of $100. On the other hand, 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: Re: Kevin has a lot of free time and he decides to pick up a new hobby. He has two options—he can ...
Post by: Sudzbury on May 22, 2017
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