Question: A student is considering whether to finish their university program in four consecutive years, or take a year off and work for some extra cash.

A student is considering whether to finish their university program in four consecutive years, or take a year off and work for some extra cash.

Required:

a. Identify at least two revenues or costs that are relevant to making this decision. Explain why each is relevant.

b. Identify at least two costs that would be considered sunk costs for this decision.

c. Comment on at least two qualitative consideration for this decision.

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