You are concerned about the high cost of books for your courses. A friend has come up with an
idea where four friends share one book. Each person would pay one quarter of the cost of a book and each person would have the book for one weekend out of every four weekends, and one night a week otherwise.
You are taking five course and textbooks average $180 each. Since you are paying full price, you would have access to the publisher's resource material and your group would share the access code. One of your courses requires weekly homework done on the publisher's website. This homework component is worth 10% of your mark for the term.
Perform a cost-benefit analysis to support your friend's offer. Consider both financial and non-financial issues.
Cost benefit analysis: It refers to a process of analyzing a decision on the basis of it's benefits and costs involved. The... View the full answer