Question 1 :
The following numbers measure the tradeoff between grades and income:
Total Hours Hours
Hours Studying GPA Working Income
60 60 4.0 0 $0
60 40 3.0 20 $100
60 30 2.0 30 $150
60 10 1.0 50 $250
60 0 0.0 60 $300
a. Calculate the opportunity cost of an increase in the number of hours spend studying in order to earn a 3.0 grade point average (GPA) rather than a 2.0 GPA.
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