Lucinda is deciding whether to enroll in an art school or a culinary school. The art school will cost $38,000 and the culinary school will cost $52,000
Lucinda estimates that the benefits from attending the art school will be $75,000 and the benefits from attending the culinary school will be $88,000. Based on these numbers, in which school should Lucinda enroll?
The net benefit from attending the art school is $75,000 - $38,000 = $37,000. The net benefit from attending the culinary school is $88,000 - $52,000 = $36,000. So, even though the total benefit is greater from attending the culinary school, the net benefit is greater from attending the art school, so she should attend the art school.
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