(Table: Trade-Off of Study Time and Leisure Time) Look at the Table

question 17

Essay

(Table: Trade-off of Study Time and Leisure Time) Look at the table Trade-off of Study Time and Leisure Time.A student sleeps 8 hours per day and divides the remaining time between study time and leisure time.The table shows the combinations of study and leisure time that can be produced in the 16 waking hours of each day.Suppose the student completes a speed-reading course that allows him to do the same amount of studying in half as many hours.Which of the following is now true of his opportunity costs?
A.The opportunity cost of leisure has increased.
B.The opportunity cost of studying has increased.
C.The opportunity cost of leisure has decreased.
D.There is no change in the opportunity costs.

---

Definitions:

Person's Life

The period from birth to death of an individual, encompassing all experiences, learning, and growth.

Gap Between Rich And Poor

A term describing the widening disparity in wealth and income between the wealthiest and the poorest segments of a population.

Richest 20%

The segment of a population that holds the highest 20% of wealth or income.

Poorest 20%

Refers to the lowest quintile in an income distribution, representing the 20% of the population with the lowest income.