Score: 0 of 1 pt 15 of 18 (10 complete) Score: 33 33%, 6 of 18 Concept Question

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Score: 0 of 1 pt 15 of 18 (10 complete) Score: 33 33%, 6 of 18 Concept Question 3.3.2 Question Help Help at a university You've been offered the position of serving as department head, which comes with an annual salary that is $7,50 higher than your current salary. However, the position will require you to work 200 additional hours per year Suppose the next best use of your time is spending it with your family, which has value of $10 per hour. What is the difference in the net benefit from becoming the department head? The change in net benefit is sEnter your response as an integer) Enter your answer in the answer box and then click Check 1

Explanation / Answer

Answer - $5500

Reason - per hour benefit from working extra is = $7500 ÷ 200 = $37.5 per hour, and on the other hand spending time with family is valued at $10.

So the net benefit will be $37.5 - $10 = $27.5

Net total benefit = $27.5 * 200 hours = $5500

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