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The question asks for the opportunity cost of your first hour spent studying for the Economics exam at 5 PM, given that the only two options are studying for either your Economics or Marketing exam.

### To solve this:
1. **Marginal Benefits of Studying for Economics**: The table shows that in the first hour (5 PM), if you choose to study for Economics, you earn **30 points**.
2. **Marginal Benefits of Studying for Marketing**: If you chose to study Marketing instead, you would earn **24 points** in the first hour.

### Opportunity Cost:
Opportunity cost is the value of the next best alternative. If you spend the hour studying for Economics (earning 30 points), the opportunity cost is what you miss out on—**24 points for Marketing**.

Thus, the **opportunity cost** of studying Economics is **24 points**.

Let me know if you need further clarification or details! Here are some follow-up questions to deepen your understanding:

1. What is the opportunity cost in general, and why is it important in economics?
2. How does the concept of diminishing marginal returns apply in this case?
3. What would happen to the opportunity cost if the marginal points for the exams change over time?
4. Can the opportunity cost change if additional subjects are introduced?
5. How can you maximize your total points based on the marginal benefits provided?

**Tip**: Always focus on the activity with the highest marginal benefit to optimize resource allocation, unless the opportunity cost is too high.

What’s the opportunity cost of your first hour spent studying for your Economics exam at 5 PM (Given your only two options are studying for your two exams)?

Learn how to calculate the opportunity cost of studying for your Economics exam at 5 PM versus Marketing. In this example, we use marginal benefit points earned to find the opportunity cost. Ideal for Grades 9-12 economics students.

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