1. A college student is contemplating the following options for her 3-month summ
ID: 2455418 • Letter: 1
Question
1.
A college student is contemplating the following options for her 3-month summer break:
(1) Take a summer course which will cost $800 and work half-time making $1,500 per month.
(2) Work full time at the local dinner making $3,000 per month.
(3) Take the summer class at a cost of $800 and not work during the summer.
Amanda’s incremental profit or loss if she chooses option 1 over option 2 would be:
A)
($4,100)
B)
($2,500)
C)
($5,300)
D)
($3,700)
1.
A college student is contemplating the following options for her 3-month summer break:
(1) Take a summer course which will cost $800 and work half-time making $1,500 per month.
(2) Work full time at the local dinner making $3,000 per month.
(3) Take the summer class at a cost of $800 and not work during the summer.
Amanda’s incremental profit or loss if she chooses option 1 over option 2 would be:
A)
($4,100)
B)
($2,500)
C)
($5,300)
D)
($3,700)
Explanation / Answer
1) Earning in option 1 = ( 1500*3) - 800 i.e 3700
2) Earning in option 2 = 3000*3 i.e 9000
Amandas incremental profit = 9000-3700 i.e 5300
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.