Moe Divides His Time Between Studying Physics and Studying Economics

question 64

Multiple Choice

Moe divides his time between studying Physics and studying Economics. His production possibilities curve for his final grade in each class is shown in the accompanying figure. The Principle of Increasing Opportunity Cost is reflected in the fact that the opportunity cost going from 70 to 80 in economics is:

• A)lower than the opportunity cost of going from 80 to 90 in economics.
• B)higher than the opportunity cost of going from 80 to 90 in economics.
• C)lower than the opportunity cost of going from 80 to 90 in physics.
• D)the same as the opportunity cost of going from 70 to 80 in physics.

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Definitions:

Inspection

The visual examination of the body in a medical context to identify any abnormal signs or conditions.

Problem Solving

The process of identifying a problem, developing possible solutions, and taking the necessary steps to reach a desired outcome.

Applying Rules

The process of implementing or enforcing guidelines, laws, or instructions in specific scenarios.

Analogies

Comparisons made between two things that are otherwise unlike, but have some similarities, often used to explain or argue.