You have exams in economics and chemistry coming up and 5 hours available for studying. The following table shows the trade-offs you face in allocating the time you will spend in studying each subject.
Hours Spent Studying |
Midterm Score |
|||
Choice |
Economics |
Chemistry |
Economics |
Chemistry |
A |
5 |
0 |
9595 |
7070 |
B |
4 |
1 |
9292 |
7979 |
C |
3 |
2 |
8989 |
8585 |
D |
2 |
3 |
8484 |
9090 |
E |
1 |
4 |
7979 |
9292 |
F |
0 |
5 |
7272 |
9494 |
Use the multipoint curve drawing tool to plot a production possibilities frontier
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showing the trade-off between your economics grade and chemistry grade. Plot all choices A through F. Properly label this curve.
Carefully follow the instructions above, and only draw the required objects.
I have 5 hours to spend studying either or both chemistry or economics
Following the PPC showing the combinations of the hours allocated and the midterm score
The graph above shows the marks in chemistry and economics on x and Y axis respectively and how the allocation of hours would affect the score.
At A , I am devoting all my time to economics and zero hours to chemistry and at F , all my hours are devoted to chemistry and none to economics. B,C,D and E are the combinations where the time is allocated between both subjects.
(You can comment for doubts )
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