The questions are in the file attached.

Scarcity, Opportunity Cost, Name: Values and Choice Unfortunately, your math and econ professors have decided to give exams two days from now. You have assessed your schedule and determined that you have a total of 9 hours to study for both exams. Your problem is how to allocate your scarce resource of study time between these two tasks. Fortunately you are skilled at estimating time spent studying and exam results. The table below is what you've come up with. ECONOMICS MATH # of hours Expected # of hours Expected studied score studied score 0 26 24 DO YOUAWN 48 61 73 83 91 97 100 DO VaVAWN 44 62 75 84 91 96 100 A. Opportunity Cost. 1. What is the opportunity cost of earning a 100 in Econ? 2. What is the opportunity cost of earning a 100 in Math? 3. What is the opportunity cost of going to the Movies and not studying at all? B. Maximization. using total analysis. Suppose you want to get the highest possible combined score. One possible way to achieve this goal is to calculate all the total scores of various alternative study strategies by filling in the blanks below. Do this. Hours Studied Scores Econ Math Econ Math Combined 8 10 24 124 J DAWN 97 44 141 What is the "best" allocation of your time given the goal you have set. Hours in Econ Hours in Math