Advanced Placement (AP), 10.10.2021 19:30 Katlyndavis01
Beauty wants to join the Thealer Arts Club. The organization's schedule for practice is 6-9 pm. She has a scholarship to be concened of. Her Math and Science is in lowest minimum grade requirement. She needs to study more for these two subjects. If she joins the Theater Arts Club she will miss 3 hours of her study time. If she will not join, she will have enough time to study and even can have extra time relax before studying.
1. What do you call the situation Beauty finds herself in?
2. What are the choice available for her to choose from?
3. If she joins the Theater Arts Club, what will be her opportunity cost?
4.Trade off occurs because of constraint of resources. In this example what resource is lacking for Beauty?
5. Opportunity Cost means
6. If you were Beauty, what will be your choice? Why?
Answers: 3
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