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Total Hours Hours Studying GPA Hours working Income60 60 4.0 0 060 40 3.0 20 10060 30 2.0 30 15060 10 1.0 50 25060 0 0.0 60 300
(a) Calculate the opportunity cost of an increase in the number of hours spent studying in order to earn a 3.0 grade point average(GPA) rather than a 2.0 GPA.
(b) Is the opportunity cost the same for a move from a 0.0 GPA to a 1.0 GPA as it is for a move from a 1.0 GPA to 2.0 GPA.
(c) What is the opportunity cost of an increase in income from 100 to 150.
Tabulate or graph the results; Analyze and discuss the results, noting any interesting, tures
data collected in the imaginary economy of Perturbia reveals that when the price of cham increased by 20%, the quantity of cham sold decreased by 30%, and the quantity of firm demanded increased by 15%.
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