Multiple Choice
Exhibit 1-1
-Refer to Exhibit 1-1. Suppose that Adam has three hours to study for an exam in economics and another exam in sociology on the same day. The amount of time he spends studying economics and its relation to his grade in the two classes are shown in the table. The opportunity cost of increasing the time spent on studying economics from two hour to three hours is
A) 55 points on the sociology grade.
B) 40 points on the sociology grade.
C) 15 points on the sociology grade.
D) 10 points on the sociology grade.
E) zero.
Correct Answer:
Verified
Correct Answer:
Verified
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