You wish to take an Excel course. You may enroll at one within your school or yo

Question

You wish to take an Excel course. You may enroll at one within your school or you may take a community class at the local library. You've gathered the following information to aid in your decision-making process. Costs/Benefits Cost Distance to course Timing of course Number of meetings Qualitative considerations College Course $2,700 0.15 miles (walking distance) Weekday 16 Convenience, quality of instruction Community Course $1,440 17 miles (driving distance) Weekend 8 Flexibility, brief duration If you enroll in the community class, you will be unable to work at your regular job on weekends for the eight weekend days when the class meets. If you typically earn $270 per weekend shift, which option would you choose (considering enrollment cost and opportunity cost)? O Neither alternative College course Community course O Both alternatives

Explanation / Answer

Analysis of Cost for each course -

As from the above computation in community course cash outflow is more than college course . so he should choose college course if both have equal quality couses.

Option B College course.

Please note all values are in $.

In case of any clarification required please comment.

Particulars College course Community Course Course fee 2700 1440 oppurtunity cost forgone if you opt commnity course 2160 Cash outflow 2700 3600

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