What are some factors that you considered in making those choices? Some factors that I consider in these choices are that Im have some loss in my funds/income. For the questions below, use the concept of opportunity cost to explain the following behaviors. Note that only those explanations that use the concept of opportunity cost meet the requirements of the directions for this assignment! 1. Why would a student choose not to study for an exam even though she knows from past experience that she performs better on exams when she has spent time studying? R. Why would a teenager not ask to dance for a person he'd like to ask, even though he knows she does not have another date? (fear of rejection is not the answer...) 3. Why would a hot dog vendor on a New York street corner lower the price of dogs late in the day? (consider the costs of not selling the hot dogs...) 4. Why do Americans today find themselves much more pressed for time than their great-grandparents were, despite the fact that we have so many machines and appliances that save us labor and time? 5. Why would a poor family in a developing country choose to send a 10 year-old to work in a factory rather than to school, even though they know that being able to read and write would offer the child better options for the future? 6. Why are people in some parts of the world willing to work for $1 per day and in the U.S. employers often have trouble finding people willing to work minimum wage jobs? MacBook Air DI F3 F4 F5 F6 F7 F8 F9 % * OO