ECONOMICS
COST BENEFIT ANALYSIS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Seeing the movie
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spending money
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hanging with friends
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getting a good grade on a test
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Detailed explanation-1: -EXAMPLES OF OPPORTUNITY COST: Someone gives up going to see a movie to study for a test in order to get a good grade. The opportunity cost is the cost of the movie and the enjoyment of seeing it.
Detailed explanation-2: -Studying alone allows you to set the perfect study environment so you get the most out of studying. Studying alone also allows you to use the study tactics that are the most effective for your learning style. Some students learn best with flashcards, while others learn best when they reread chapters.
Detailed explanation-3: -Findings point to higher motivation, better learning retention and greater engagement with tasks as some of the benefits of learning with friends. Plus, there are practical benefits; friends often share class notes, strategies for time management and useful study tools with each other. It’s a win-win for everyone.
Detailed explanation-4: -Give yourself enough time to study. via GIPHY. Organize your study space. via GIPHY. Use flow charts and diagrams. via GIPHY. Practice on old exams. via GIPHY. Explain your answers to others. via GIPHY. Organize study groups with friends. via GIPHY. Take regular breaks. via GIPHY. Snack on brain food. More items