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Kevin has a lot of free time and he decides to pick up a new hobby. He has two options—he can take ...

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Kevin has a lot of free time and he decides to pick up a new hobby. He has two options—he can take ...

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.

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Microeconomics

Edition: 1^st

Authors: Acemoglu, Laibson, List

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whipped Author

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6 years ago

Good timing, thanks!

annakc

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Thanks for your help!!

Tim0301

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2 hours ago

You make an excellent tutor!

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