Suppose a new freshman enters State U with the objective of having lots of fun while getting good grades.Suppose that Friday and Saturday night offer the best/most efficient times for having fun and the day time offers the best time for studying.She should
A) study every single waking hour.
B) party every single waking hour.
C) assume there is no tradeoff between fun and grades.
D) assume there is a constant tradeoff between fun and grades.
E) assume there is a tradeoff between fun and grades that reflects increasing opportunity cost.

Question

Quizplus · Accepted Answer

The best choice is to assume there is a tradeoff between fun and grades that reflects increasing opportunity cost. This means that as more time is spent on having fun, the more grades suffer, and vice versa. Therefore, the new freshman should allocate her time wisely, spending the day studying and reserving Friday and Saturday nights for fun activities. This allows for a balance between the two objectives and maximizes overall satisfaction. Choosing either option A or B would result in extreme prioritization of one objective over the other, leading to suboptimal outcomes. Choosing option C assumes there is no cost to enjoying oneself, which is unrealistic. Option D is not specific enough in describing the nature of the tradeoff.

Suppose a New Freshman Enters State U with the Objective