Question

10 multiple choice 1 point possibility a economics history i 94 76 ii 87 84 iii 77 91 table 2 - 1 refer to table 2 - 1. 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 students time. the opportunity cost of scoring an 84 on the history exam rather than 76 is 10 points on the economics exam 8 points on the history exam 7 points on the economics exam 12 points on the economics exam

Explanation:

Step1: Identify the relevant data

When history score changes from 76 to 84, economics scores change from 94 to 87.

Step2: Calculate opportunity - cost

Opportunity cost = Initial economics score - New economics score. So, 94 - 87 = 7.

Answer:

7 points on the economics exam