Opportunity Cost:The following table illustrates the points a student can earnon examination in Economics and Biology if the student usesall available hours for study.EconomicsBiology100409060807570856093509840100What is the Opportunity cost to this student for theadditional amount of study time on economics required tomove her grade from 90 to 100? O The opportunity cost to the student of increasing points earned ineconomics from 90 to100 is 20 points forgone in biologyO The opportunity cost to the student of increasing points earned ineconomics from 90 to100 is 5 points forgone in biologyO The opportunity cost to the student of increasing points earned ineconomics from 90 to100 is 15 points forgone in biologyO The opportunity cost to the student of increasing points earned ineconomics from 90 to100 is 8 points forgone in biology

The opportunity cost refers to the opportunity that has been foregone to select the best…

Answered: What is the Opportunity cost to this…

What is the Opportunity cost to this student for the additional amount of study time on economics required to move her grade from 90 to 100?

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter19: Labor And Entrepreneurship: The Human Inputs

Section: Chapter Questions

Problem 14DQ

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Question

Opportunity Cost:
The following table illustrates the points a student can earn
on examination in Economics and Biology if the student uses
all available hours for study.
Economics
Biology
100
40
90
60
80
75
70
85
60
93
50
98
40
100
What is the Opportunity cost to this student for the
additional amount of study time on economics required to
move her grade from 90 to 100?

O The opportunity cost to the student of increasing points earned in
economics from 90 to100 is 20 points forgone in biology
O The opportunity cost to the student of increasing points earned in
economics from 90 to100 is 5 points forgone in biology
O The opportunity cost to the student of increasing points earned in
economics from 90 to100 is 15 points forgone in biology
O The opportunity cost to the student of increasing points earned in
economics from 90 to100 is 8 points forgone in biology

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