Question $1$: Dominic Hunter, a second$-$year business student at the University of Utah, will graduate in

two years with an accounting major and a Spanish minor. Hunter is trying to decide where to work this

summer. He has two choices: Work full$-$time on the assembly line at a bottling plant or work part$-$time in

the accounting department of a meat$-$packing plant. He probably will work at the same place next

summer as well. He is able to work $12$ weeks during the summer.

The bottling plant will pay Hunter $$380$ per week this year and $7\%$ more next summer. At the meat$-$

packing plant, he could work $20$ hours per week at $$8\mathrm{.}75$ per hour. Hunter believes that the experience

he gains this summer will qualify him for a full$-$time accounting position with the meat$-$packing plant

next summer. That position will pay $$550$ per week.

Hunter sees two additional benefits of working part$-$time this summer. By working only part$-$time, he

could take two accounting courses this summer $($tuition is $$225$ per hour for each of the four$-$hour

courses$)$ and reduce his studying workload during the fall and spring semesters. Second, he would have

the time to work as a grader in the university's accounting department during the $15-$week fall term and

make additional income. Grading pays $$50$ per week.

Requirements

Suppose that Hunter ignores the time value of money in decisions that cover this short time

period. Suppose also that his sole goal is to make as much money as possible between now and

the end of next summer. What should he do$?$ What nonquantitative factors might Hunter

consider? What would you do if you were faced with these alternatives?