Use the table below to calculate Tina’s opportunity cost of a day of skiing when she increases her time spent skiing from:
a. 2 to 4 days a month
B. 4 to 6 days a month
Show your work and answers.
Possibility | Grade in Math 101( %) | Skiing(Days per month) |
A | 57 | 8 |
b | 77 | 6 |
C | 82 | 4 |
D | 85 | 2 |
87 | 0 |
A 57 8
B 77 6
C 82 4
D 85 2
E 87 0
C. Draw the PPF precisely
a. 2 to 4 days a month
Opportunity cost= Change in possibility grade/ Change in skiing day=(85-82)/(2-4)= -1.5%
When she increases her number of days spend skiing from 2 to 4, the percentage grade in maths decreases by 1.5%.
b. 4 to 6 days a month
Opportunity cost= Change in possibility grade/ Change in skiing day=(82-77)/(4-6)= -2.5%
When she increases her number of days spend skiing from 2 to 4, the percentage grade in maths decreases by 2.5%.
c.
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