Question

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.

Answer 1

Answer: The opportunity cost of learning mathematics is too high.

Explanation:

Lucy needs to explain to her parents that the opportunity cost of studying mathematics is too high a price to pay, because her skills can be better applied in learning a course where she has more strengths in.

The opportunity cost is the cost of choosing an option against other available options.