Jade has midterms in economics and astronomy tomorrow and only has four hours left to study....
Jade has midterms in economics and astronomy tomorrow and only has four hours left to study. The accompanying table provides the combinations of time spent studying economics and astronomy and her expected exam scores.
| Hours Spent Studying Economics | Economics Exam Score | Hours Spent Studying Astronomy | Astronomy Exam Score |
|---|---|---|---|
| 0 | 60 | 0 | 70 |
| 1 | 80 | 1 | 83 |
| 2 | 90 | 2 | 87 |
| 3 | 95 | 3 | 90 |
| 4 | 98 | 4 | 92 |
a. Use a graph to plot the production possibilities frontier for Jade's study options.
b. Suppose Jade spends the first two hours studying economics. The opportunity cost of spending the third hour studying economics is __________ points on her __________exam.
c. Suppose Jade’s goal is to maximize her combined exam scores. Calculate how many hours she should spend studying economics and how many hours she should spend studying astronomy.
Jade should spend _________hours studying economics and _______hours studying astronomy.
d. Suppose Jade's laptop dies and refuses to start up. All her notes and class materials (for both classes) are saved on its hard drive.
Jade's production possibilities curve will ______________, because studying ____________________.
Homework Answers
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Jade has midterms in economics and astronomy tomorrow and only
has four hours left to study....
You have 6 hours to study for 2 exams tomorrow. The relationship between the time studying...
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Hours Spent Studying Midterm Score Choice Economics Chemistry Economics Chemistry 5 95 70 93 78 3...
Hours Spent Studying Midterm Score Choice Economics Chemistry Economics Chemistry 5 95 70 93 78 3 2 84 2 86 81 0 5 75 91 a. Use the data in the table to draw a production possibilities frontier graph Label the vertical axis "Score on economics exam and label the horizontal axis "Score on chemistry exam." Make sure to label the values where your production possibilities frontier intersects the vertical and horizontal axes. (Note that the origin in your graph...
[Related to Solved Problem #1] You have exams in economics and chemistry coming up and 5...
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Please explain it briefly, im having trouble to understand the question. Thank you. Harrison plans to...
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Harrison plans to spend a total of six hours to study for his exams in Economics and Geography. The following table shows his expected mark on each exam based on the number of hours spent studying each course. For example, if he spends all six hours studying Geography, he expects to get 84 marks in his Geography exam. Hours Spent Studying Geography 0 Hours Spent Studying Economics...
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Please explain it briefly, im having trouble to understand the
question. Thank you.
Harrison plans to spend a total of six hours to study for his exams in Economics and Geography. The following table shows his expected mark on each exam based on the number of hours spent studying each course. For example, if he spends all six hours studying Geography, he expects to get 84 marks in his Geography exam. Hours Spent Studying Geography 0 Hours Spent Studying Economics...
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