Solve the Problem. -A Student Earned Grades of C, A, B, and A

question 151

Multiple Choice

Solve the problem.
-A student earned grades of C, A, B, and A. Those courses had these corresponding numbers of credit hours: 3, 6, 2, and 6. The grading system assigns quality points to letter grades as follows: A = 4, B = 3, C = 2, D = 1, and
F = 0. Compute the grade point average (GPA) and round the result to two decimal places.

• A) 11.00
• B) 2.38
• C) 3.53
• D) 4.00

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Definitions:

Negative Externality

A cost that affects a party who did not choose to incur that cost, often arising from production or consumption of goods and services.

Socially Optimal Quantity

The level of production or consumption that maximizes social welfare, considering all costs and benefits to society.

Equilibrium Quantity

The quantity of goods or services bought and sold at the equilibrium price, where demand equals supply.

Negative Externality

occurs when the production or consumption of a good or service imposes costs on third parties not directly involved in the transaction.