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Summer Internship Decision Analysis
An economics student, Alex, is offered a paid summer internship at a prestigious firm. The internship pays a stipend of $5,000 for the summer. Alex's other options were to take a summer course that costs $2,000 (which would allow them to graduate a semester early) or to work at a local cafe earning $6,000. Alex chooses the internship. Analyze this decision. In your response, explain what specific information you would need to determine the exact value of the surplus gain Alex receives from choosing the internship, and justify why each piece of information is necessary.
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Analysis in Bloom's Taxonomy
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