Answer to Question #153396 in Microeconomics for Abigail Amodu

Question

A friend of yours on the tennis team says, “Private tennis lessons are definitely better than group lessons.” Explain what you think he means by this statement. Then use the Cost-Benefit Principle to explain why private lessons are not necessarily the best choice for everyone

Answer 1

Because of the cost-benefit principle, some individuals may decide that although the cost of taking the private lessons is far much higher and expensive, it is likely to assist in improving and enhancing the individual's tennis skills more efficiently and better, this makes the extra money worth it. But on the other hand, to some people, the cost might mostly go beyond the benefits of private lessons and are fine with improving slower and making more savings.