Calculate Total Cost: Finding the Price of 10 Packets at $0.50 Each

To solve this problem, we'll follow these steps:

• Step 1: Identify the given information
• Step 2: Apply the appropriate formula
• Step 3: Perform the necessary calculations

Now, let's work through each step:
Step 1: The problem gives us:
    Cost per packet of potato chips is $0.50$ dollars.
    Number of packets = Number of students = 10.
Step 2: We'll use the formula:
    $\text{Total Cost} = \text{Cost per packet} \times \text{Number of packets}$
Step 3: Plugging in our values, we get:
    $\text{Total Cost} = 0.50 \times 10 = 5.00$

Therefore, the solution to the problem is $5$ dollars.