Question

You have exams in economics and chemistry coming up and 5 hours available for studying. The...

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

LOADING...

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.

Homework Answers

Answer #1

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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