2-4. Based on the information provided in Problem 2-3,

what is the opportunity cost to this student of allocating
enough additional study time on economics to
move her grade up from a 90 to a 100?

no it does not

no

40

To determine the opportunity cost of allocating additional study time on economics to move her grade up from a 90 to a 100, we need to consider what the student is giving up in order to achieve this improvement.

The opportunity cost is the value of the next best alternative that is forgone. In this case, the next best alternative could be studying a different subject, participating in extracurricular activities, or even having leisure time.

To calculate the opportunity cost, we need to identify the specific alternative that the student would be giving up. Once we have identified that alternative, we can assign a value to it. This value represents what the student believes the alternative is worth to them.

For example, if the student decides that the next best alternative is spending more time on her favorite hobby, and she values the enjoyment she gets from that hobby at $20 per hour, then the opportunity cost of allocating extra study time would be $20 per hour.

It's important to note that the opportunity cost is subjective and can vary from person to person. Each individual has different preferences and values, so the opportunity cost may differ depending on the person's circumstances.

Therefore, without additional information about the student's preferences and values, it is not possible to determine the exact opportunity cost of allocating additional study time on economics to move her grade up from a 90 to a 100.