A human has the choice to spend 11 hours working or learning. If they spend an hour working, they earn $11. If they spend an hour learning, then they can expect to progress through 3 course concepts. What is their opportunity cost if they change from working 9 hours and learning 2 hours, to working 11 hours and learning 0 hours? O they gain $5, and forgo learning 4 course concepts Othey forgo $5, and learns another 7 course concepts O they gain $14, and forgo learning 7 course concepts they gain $22, and forgo learning 6 course concepts

A human has the choice to spend 11 hours working or learning. If they spend an hour working, they earn $11. If they spend an hour learning, then they can expect to progress through 3 course concepts. What is their opportunity cost if they change from working 9 hours and learning 2 hours, to working 11 hours and learning 0 hours? O they gain $5, and forgo learning 4 course concepts Othey forgo $5, and learns another 7 course concepts O they gain $14, and forgo learning 7 course concepts they gain $22, and forgo learning 6 course concepts

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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