QuestionJune 21, 2025

A human has the choice to spend 39 hours working or learning If they spend an hour working, they earn 20 If they spend an hour learning, then they can expect to progress through 2 course concepts. What is their opportunity cost if they change from working 38 hours and learning 1 hour, to working 11 hours and learning 28 hours? they forgo 1109 and learn another 115 course concepts they gain 1863, and learn another 186 course concepts they forgo 319 and learn another 304 course concepts they forgo 540 and learn another 54 course concepts

A human has the choice to spend 39 hours working or learning If they spend an hour working, they earn 20 If they spend an hour learning, then they can expect to progress through 2 course concepts. What is their opportunity cost if they change from working 38 hours and learning 1 hour, to working 11 hours and learning 28 hours? they forgo 1109 and learn another 115 course concepts they gain 1863, and learn another 186 course concepts they forgo 319 and learn another 304 course concepts they forgo 540 and learn another 54 course concepts
A human has the choice to spend 39 hours working or learning If they spend an hour working, they earn 20 If they spend an hour
learning, then they can expect to progress through 2 course concepts. What is their opportunity cost if they change from working
38 hours and learning 1 hour, to working 11 hours and learning 28 hours?
they forgo 1109 and learn another 115 course concepts
they gain 1863, and learn another 186 course concepts
they forgo 319 and learn another 304 course concepts
they forgo 540 and learn another 54 course concepts

Solution
4.1(206 votes)

Answer

they forgo \540 and learn another 54 course concepts Explanation 1. Calculate initial earnings and learning Initial working hours = 38, earning = 20 \times 38 = \760. Initial learning hours = 1, concepts learned = 2 \times 1 = 2. 2. Calculate new earnings and learning New working hours = 11, earning = 20 \times 11 = \220. New learning hours = 28, concepts learned = 2 \times 28 = 56. 3. Determine opportunity cost in earnings Opportunity cost in earnings = Initial earnings - New earnings = \760 - \220 = \540. 4. Determine opportunity cost in learning Opportunity cost in learning = New concepts - Initial concepts = 56 - 2 = 54.

Explanation

1. Calculate initial earnings and learning<br /> Initial working hours = 38, earning = $20 \times 38 = \$760$. Initial learning hours = 1, concepts learned = $2 \times 1 = 2$.<br />2. Calculate new earnings and learning<br /> New working hours = 11, earning = $20 \times 11 = \$220$. New learning hours = 28, concepts learned = $2 \times 28 = 56$.<br />3. Determine opportunity cost in earnings<br /> Opportunity cost in earnings = Initial earnings - New earnings = \$760 - \$220 = \$540.<br />4. Determine opportunity cost in learning<br /> Opportunity cost in learning = New concepts - Initial concepts = 56 - 2 = 54.
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