High School

We appreciate your visit to It takes Sarah 30 minutes to do a macroeconomics assignment and 3 hours to do a microeconomics assignment What is the opportunity cost to Sarah. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!

It takes Sarah 30 minutes to do a macroeconomics assignment and 3 hours to do a microeconomics assignment. What is the opportunity cost to Sarah of doing 2 macroeconomics assignments?

Answer :

Final answer:

The opportunity cost of doing 2 macroeconomics assignments for Sarah is the equivalent of one-third of a microeconomics assignment that she could have worked on in the same amount of time.

Explanation:

Opportunity Cost Explanation

The opportunity cost of doing 2 macroeconomics assignments for Sarah is essentially the value of the next best alternative she has to give up to complete those assignments. In Sarah’s case, since it takes her 30 minutes to do a macroeconomics assignment and 3 hours to do a microeconomics assignment, we first need to establish the relative value of each of these activities in terms of time.

One microeconomics assignment takes 6 times longer than one macroeconomics assignment (3 hours equals 180 minutes, divided by 30 minutes per macroeconomics assignment). Hence, in the time it takes to complete 2 macroeconomics assignments (60 minutes), Sarah could have completed 1/3 of a microeconomics assignment. Therefore, the opportunity cost of doing 2 macroeconomics assignments is the 1/3 of a microeconomics assignment she forgoes.

Thanks for taking the time to read It takes Sarah 30 minutes to do a macroeconomics assignment and 3 hours to do a microeconomics assignment What is the opportunity cost to Sarah. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!

Rewritten by : Barada