Exhibit 2-1 Refer to Exhibit 2-1

question 166

Multiple Choice

Exhibit 2-1 Refer to Exhibit 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 student's time.The opportunity cost of scoring an 84 on the history exam rather than 76 is:

• A) 10 points on the economics exam.
• B) 7 points on the economics exam.
• C) 8 points on the history exam.
• D) 12 points on the economics exam.

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Definitions:

Productivity

The measure of efficiency in which goods or services are created, often evaluated as the output per unit of input.

Fulfillment

A feeling of satisfaction or happiness as a result of fully developing one's abilities or character.

Deficit Principle

A principle that suggests that once a relatively satisfied need is no longer met, it will re-emerge and become the dominant motivator of behavior.

Motivator

Anything that stimulates interest or action, especially in terms of encouraging people to achieve goals or improve performance.