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Exhibit 2-1 Refer to Exhibit 2-1

Question 153

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Exhibit 2-1 Exhibit 2-1   Refer to Exhibit 2-1.A student has only a few hours to prepare for two different exams this afternoon.The above table shows alternative possible exam scores with three alternative uses of the student's time.The opportunity cost of scoring a 94 on the economics exam rather than a 77 is: A)  8 points on the history exam. B)  15 points on the history exam. C)  76 points on the history exam. D)  91 points on the history exam. Refer to Exhibit 2-1.A student has only a few hours to prepare for two different exams this afternoon.The above table shows alternative possible exam scores with three alternative uses of the student's time.The opportunity cost of scoring a 94 on the economics exam rather than a 77 is:


A) 8 points on the history exam.
B) 15 points on the history exam.
C) 76 points on the history exam.
D) 91 points on the history exam.

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