Business, 19.02.2020 04:02 lamwil9432

A student has only a few hours to prepare for two different exams tomorrow morning. The above table shows alternative possible exam outcomes with three alternative uses of the student's time. The opportunity cost of scoring an 84 on the history exam rather than 76 is:
a) 10 points on the economics exam.
b) 7 points on the economics exam.
c) 8 points on the history exam.
d) 12 points on the economics exam.

Answers: 3

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Answer from: whitakers87

This question is incomplete;

Here is the table to the question

Use the following table to answer to questions 17 and 18.

Possibility A Economics History

I 94 76

II 87 84

III 77 91

A student has only a few hours to prepare for two different exams tomorrow morning. The above table shows alternative possible exam outcomes with three alternative uses of the student's time. The opportunity cost of scoring an 84 on the history exam rather than 76 is:

a) 10 points on the economics exam.

b) 7 points on the economics exam.

c) 8 points on the history exam.

d) 12 points on the economics exam.

The answer to this question is b) 7 points on the economics exam

Explanation:

The term opportunity cost refer to alternative forgone. i.e the want left unsatisfied in other to satisfy other wants.

Referring to the questions and the table presented, The opportunity cost of the student scoring an 84 on history exam rather than 76 is the marks he has to forego in the economic exam at possibility II

If he scores 76 in History, He will score 94 in economics. However if he score 84 in history his score in economics will be 87.

Therefore the opportunity cost for scoring 84 in history rather than 76 is

94 points - 87 points = 7 points on economics exam

Answer from: Quest

answer; /// multipotentialite means a person who have many different interests and creative pursuits in life; (one true calling);

polymath; means a person of wide-ranging knowledge or learning;

scanner; means; a device that captures images from photographic prints,posters,magazine pages.ect;

Answer from: Quest

Answer consumption and investment; net exports (or) real interest rate ; ; ; /// exchange rate;

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A student has only a few hours to prepare for two different exams tomorrow morning. The above table...

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