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
Related questions
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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff15af996-9f6a-47f9-972f-db5647a8db7b%2F6a27dd5c-aec3-446e-8318-9e9bd7bab651%2F0slu5k_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff15af996-9f6a-47f9-972f-db5647a8db7b%2F6a27dd5c-aec3-446e-8318-9e9bd7bab651%2Fl2k7qy9_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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