Question

47) 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 College Course Community Course Cost $3,000 $1,000 Distance to course 0.25 miles (walking distance) 15 miles (driving distance) Timing of course Weekday Weekend Number of meetings 16 8 Qualitative considerations Convenience, quality of instruction Flexibility, brief duration Consider the transportation cost. At what point would you be indifferent between alternatives? Transportation cost of $300 per class for the community course. Transportation cost of $150 per class for the community course, Transportation cost of $250 per class for the community course. Transportation cost of $200 per class for the community course,

Answer 1

Answer:

Indifference between the Alternatives                = Difference in Costs / No. of meetings                =   ( $ 3,000 (-) $ 1,000 ) / 8                =    $ 2,000 / 8                 =   $ 250

Transportation cost of $ 250 per class for the community course Option (C ) is Correct