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ID: 1136563 • Letter: C

Question

C Secure https://bblearn.nau.edu/webapps/assessment/take/launch.jsp?course pps et AppleiCloud Yahoo O YouTube-Most Popular HD " Bing G Google W wikipedia 327734-1&course-id-_161753-1&new-attempt-1&content_id-6586015-1 &step- Facebook y, Twitter-Linkedl The weather Channel YelpTripAdvisor LOUIE Figure 2-1 illustrates the trade-off for a particular student between time spent studying per week and income per week from working part-time. What is the opportunity cost for this person of moving from point b to point a? Figure 2-1 Income per Weelk 40- 10 12 Study Time Chours per week) $5 of income per week $10 of income per week C. two hours of studying per week D. $10 per hour of studying per week $20 of income per week Click Save and Submit to save and submit. Click Save All Ansuers to save ail answers. Save All Answers Save and Submit

Explanation / Answer

Answer
Option C
Two hours of studying per week
The opportunity cost is the cost of value of forgone time and; going from point b to a, it gives up 2 hours for $10