You could take a 15-week, three-credit college course, which requires 10 hours per week of your time for $550 per credit hour in tuition. Or during those hours you could have a job paying $10 per hour. What is the net cost of the class compared to working? Based on your answer and the fact that the average college graduate earns nearly $28,000 per year more than a high school graduate, write a few sentences giving your opinion as to whether the college course is a worthwhile experience. What is the net cost of the class compare to working? The net cost of the class compared to working is $ ...
You could take a 15-week, three-credit college course, which requires 10 hours per week of your time for $550 per credit hour in tuition. Or during those hours you could have a job paying $10 per hour. What is the net cost of the class compared to working? Based on your answer and the fact that the average college graduate earns nearly $28,000 per year more than a high school graduate, write a few sentences giving your opinion as to whether the college course is a worthwhile experience. What is the net cost of the class compare to working? The net cost of the class compared to working is $ ...
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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Transcribed Image Text:### Cost-Benefit Analysis of College Courses vs. Working
#### Scenario Description:
You could take a 15-week, three-credit college course, which requires 10 hours per week of your time for $550 per credit hour in tuition. Or during those hours, you could have a job paying $10 per hour.
#### Problem Statement:
What is the net cost of the class compared to working? Based on your answer and the fact that the average college graduate earns nearly $28,000 per year more than a high school graduate, write a few sentences giving your opinion as to whether the college course is a worthwhile experience.
##### Question:
What is the net cost of the class compared to working?
##### Answer Calculation:
The net cost of the class compared to working is $______.
#### Analysis and Discussion:
After calculating the net cost, consider the long-term financial benefits of having a college degree, such as the increased annual earnings of nearly $28,000 more than those with only a high school diploma. Provide a few sentences expressing your opinion on whether the college course represents a good investment considering both the short-term costs and the long-term financial gains.
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