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30 November, 20:39

If Karen gets up early and studies three hours for her test, she is likely to get an A. If she sleeps in, she will probably get a C. What is the opportunity cost of sleeping in?

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  1. 30 November, 21:14
    0
    The opportunity cost is what she loses if she chooses to sleep in

    if she studies, she will probably get an A and lose 3 hours of sleep

    if she sleeps in, she will probably get a C and gain 3 hours of sleep

    so the opportunity cost of sleeping in is the A that she could have gotten if she had studied
  2. 30 November, 23:27
    0
    I think the answer is three additional hours of study.
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