When Lucy chose a major,she likely thought about her skills.Let's say Lucy doesn't enjoy dealing with numbers.How could she explain to her parents,using logic from economics,why she chose to major in English instead of mathematics?
A) The opportunity cost of learning mathematics is too high.
B) The opportunity cost of learning to appreciate literature is too high.
C) The expected value of a major in English after graduation is low.
D) The expected value of a major in mathematics after graduation is high.
E) The opportunity cost of going to college is too low.

Question

Quizplus · Accepted Answer

The opportunity cost of learning mathematics for Lucy is too high because it involves giving up something she enjoys or is good at (like studying English) for something she dislikes and might not excel in, which is an economic concept explaining the cost of what is foregone to pursue another option.

When Lucy Chose a Major,she Likely Thought About Her Skills