If you discover that the opportunity cost of raising your economics grade is zero, you
A)are studying too hard and receiving a higher grade than is optimal for you.
B)must be on the production possibilities frontier that describes your trade-offs between producing high grades and producing other goods.
C)must be inside the production possibilities frontier that describes your trade-offs between producing high grades and producing other goods.
D)must be producing more of other goods than is optimal for you.

Question

Quizplus · Accepted Answer

If the opportunity cost of raising your economics grade is zero, it means you can improve your grade without sacrificing anything else, indicating you are not fully utilizing your resources or are inside the production possibilities frontier. This suggests inefficiency in how you're allocating your time or resources between studying and other activities.

If You Discover That the Opportunity Cost of Raising Your