1. Mary Thanes, a college student is contemplating the following options for her
ID: 2634735 • Letter: 1
Question
1.
Mary Thanes, a college student is contemplating the following options for her 3-month summer break:
(1) Take a summer course which will cost $700 and work half-time making $1,000 per month.
(2) Work full time at the local dinner making $2,000 per month.
(3) Take the summer class at a cost of $700 and not work during the summer.
Which of the following is incorrect?
A)
Mary
1.
Mary Thanes, a college student is contemplating the following options for her 3-month summer break:
(1) Take a summer course which will cost $700 and work half-time making $1,000 per month.
(2) Work full time at the local dinner making $2,000 per month.
(3) Take the summer class at a cost of $700 and not work during the summer.
Which of the following is incorrect?
A)
Mary
Explanation / Answer
Option 1
Net Profit= Income earned - Cost of the Course= ($1000* 3) - $700 = $2300
Option 2
Net Profit= Income earned - Cost of the Course= ($2000* 3) - $0 = $6000 (Cost of the course is $0 since no course is undertaken)
Option 3
Net Profit= - (Cost of the Course) = - $700
Mary
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