The following diagram is the \"Feasible Set\" of a student, showing the combinat

Question

The following diagram is the "Feasible Set" of a student, showing the combinations of her final grade and the hours of free time per day. Based on this information, indicate True (T) or False (F): 6. a. Points A and C are on the same feasible frontier, while at B she can get a higher grade for b. At D, the student is able to attain a higher grade but has less free time compared to C. c. The marginal rate of transformation at A is 3, meaning that the student can "transform" d. At C, the student can attain the grade of 50 for 20 hours of free time. Therefore for one the same hours of free time compared to C. Therefore, the student will choose B. Whether she would choose C or D then depends on her preferences. one hour of free time into 3 extra points on her grade. extra hour of studying, she can increase her grade by 2.5 points. 20 Free time Grade MRT 13 14 19 84 81 57 50 100 to so 19 29 Hours of free time per day

Explanation / Answer

(a) False- Point B lies outside the production possibility frontier.

(b) True - the person can select point C when he prefers free time or point D when he prefers higher grade

(c) True - the person would attain 3 additional grade points from 81 to 84

(d) False. - the person will increase 7 points. That is 50 to 57. Not 2.5 points.

Thanks. Hit like

Thanks .

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.