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. 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 $500 per weekend shift,which option would you choose (considering enrollment cost and opportunity cost)?
A)Neither alternative
B)College course
C)Community course
D)Both alternatives

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.  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 $500 per weekend shift,which option would you choose (considering enrollment cost and opportunity cost)?
A)Neither alternative 
B)College course 
C)Community course 
D)Both alternatives

Quizplus · Accepted Answer

The opportunity cost of not working 8 weekend days is $4,000 ($500 x 8) which must be considered in addition to the enrollment cost for each option. If the college course enrollment cost is less than $4,000 greater than the community course cost, then the college course would be the better choice. However, if the difference in enrollment cost is greater than $4,000, then the community course would be the better choice. Without knowing the actual enrollment costs for each option, we cannot determine which is the best alternative, but the information given suggests that the community course may be the better choice due to the potential high opportunity cost of not working for 8 weekends.

You Wish to Take an Excel Course