Kevin Has a Lot of Free Time,and He Decides to Pick

question 76

Essay

Kevin has a lot of free time,and he decides to pick up a new hobby.He has two options-he can take art classes or sign up for cooking classes.He estimates that the art classes would cost him $70 and would provide him with a benefit of $100.In contrast,the cooking classes would cost him $120 but provide him benefits worth $160.Use cost-benefit analysis to arrive at the optimum choice for Kevin.

---

Definitions:

Descriptive

Pertaining to the act of describing or providing detailed information about characteristics, events, or phenomena.

Correlational

Pertaining to a research method that examines the relationship between variables without inferring a causational link.

Experimental

Relating to a scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Structuralism

A school of thought in psychology and sociology that emphasizes analyzing and understanding the structure of human thought, society, and culture by breaking them down into their simplest components.