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Rachael is deciding whether to go to university for 8 weeks this summer. The cost of tuition and textbooks is $1,700 and housing and other expenses will cost her $600. If she does not go to university, she will live in her parents’ house for free and they will cover her food and other expenses for her. Also, if Rachael does not go to summer school she could work fulltime. But the best job she can get pays only $600 per week, and Rachael would only agree to give up her free time for no less than $750 per week. However, if she goes to summer school, she’ll have to spend 40 hours a week attending classes and studying.
Discuss the costs and benefits that Rachael should consider to make the decision about whether to go to summer school or not.
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