4) Jia is considering whether to go out to dinner at a restaurant with her friend. The...
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Question:
4) Jia is considering whether to go out to dinner at a restaurant with her friend. The meal is expected to cost $40, Jia typically leaves a 20% tip, and an Uber will cost $5 each way. Jia values the restaurant meal at $25. Jia enjoys her friend\'s company and is willing to pay $30 just to spend an evening with her. If Jia does not go out to the restaurant, she will eat at home, using groceries that cost her $8.
a) Calculate Jia\'s costs associated with going out to dinner with her friend.
b) Calculate Jia\'s benefits associated with going out to dinner with her friend.
c) Based on the information, Jia should: Go out to dinner with her friend or Eat at home
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