Homework Answers
If 0 movies are watched , Jennifer will have 10 hours to study and she will study 105 pages.
If 1 movie is watched , Jennifer will have 8 hours to study and she will study 100 pages.
If 2 movies are watched , Jennifer will have 6 hours to study and she will study 90 pages.
If 3 movies are watched , Jennifer will have 4 hours to study and she will study 75 pages.
If 4 movies are watched , Jennifer will have 2 hours to study and she will study 45 pages.
If 5 movies are watched , Jennifer will have 0 hours to study and she will study 0 pages.
So the production possibility curve of Jennifer will be:
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12 hours) or studying her economics textbook She has t0 hours available to her. f she...
g0ods? (Lo 7) Jennifer is planning how to spend a pl available to her. If she...
g0ods? (Lo 7) Jennifer is planning how to spend a pl available to her. If she decides to study she could read the each lasting two hours) or studying her economics ter ng video movies leach lasting two h r of pages a 0. (LO 5 Oz a shown in Table 1.21. TABLE 1.21 a) If re Pages 80 130 160 175 180 Hours C)If 10 d) N ec e) W a) From this information complete the production possibilities in...
3) Lori is studying economics and political science. She can read 30 pages of political science...
3) Lori is studying economics and political science. She can read 30 pages of political science per hour but only 5 pages of economics per hour. This week she has a 50-page assignment in economics and a 150-page assignment in political science. Because of her job, she cannot devote more than 10 hours to studying these subjects this week. She realizes she cannot complete all of her assignments but is determined to complete at least 30 pages of her economics...
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...
Billie is a trying to manage her time between studying economics and working. Suppose she has...
Billie is a trying to manage her time between studying economics and working. Suppose she has 10 hours available each week to either study or work. She makes $12 each hour babysitting local kids in her neighborhood, and each hour of studying increases her grade by 10% (in other words, if she does not study, she gets 0%, if she uses all of her time to study, she gets 100%). 1) Billie knows she needs at least a 70% to...
The following table illustrates the points a student can earn on examinations in economics and biology if the student uses all available hours for study
The following table illustrates the points a student canearn on examinations in economics and biology if thestudent uses all available hours for study.Economics Biology100 4090 5080 6070 7060 8050 9040 100Plot this student’s production possibilities curve.Does the PPC illustrate increasing or decreasing opportunitycosts?
7. Problems and Applications Q1 Maria can read 20 pages of economics in an hour. She...
7. Problems and Applications Q1 Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying. Use the blue line (circle symbol) to draw Maria's production possibilities frontier (PPF) for reading economics and sociology 200 т PPF 160 120 0 30 60 90 120 150 180 210 240 270 300 Sociology Pages pages of economics. Maria's opportunity cost of reading 100 pages of...
Valerie can read 30 pages of economics in an hour. She can also read 20 pages...
Valerie can read 30 pages of economics in an hour. She can also read 20 pages of philosophy in an hour. She spends 6 hours per day studying. Use the blue line (circle symbol) to draw Valerie's production possibilities frontier (PPF) for reading economics and philosophy. PPF 0 20 40 60 80 100 120 140 160 180 200 200 180 160 140 120 100 80 60 40 20 0 Economics Pages Philosophy Pages Valerie's opportunity cost of reading 40 pages...
[Related to Solved Problem #1] You have exams in economics and chemistry coming up and 5...
[Related to Solved Problem #1] 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 98 96 93 3 92 Score on economics exam 94 Use the multipoint curve drawing tool to plat a production possibilities frontier showing the trade-off between your economics grade and chemistry...
12 b. Draw J points, using the given tool below possibiles curve between movwtes wetched and...
12 b. Draw J points, using the given tool below possibiles curve between movwtes wetched and pages studied Plot every point of the PPC,a total of 6 points Tools PPC 20 40 60 80100 120 Quantity of pages c. The opportunity cost of watching 2 movies is LTI pages of reading. e t Jeanter has aready watchoo s mow thetpy scost f wchi te th oeages of reading
(10 points) Mary has 24 hours before her microeconomies midterm. She has a econon after the...
(10 points) Mary has 24 hours before her microeconomies midterm. She has a econon after the micro midterm and has no time to study in between. Her utility function is given by erm. She has a econon etrics midterm directly u (e, m) 6104 omics midterm. where e is the score on the econometrics midterm and m is the score on the microecon Although she cares more about econometrics, she is better at microeconomics; for each hour spent st udying...
g0ods? (Lo 7) Jennifer is planning how to spend a pl available to her. If she decides to study she could read the each lasting two hours) or studying her economics ter ng video movies leach lasting two h r of pages a 0. (LO 5 Oz a shown in Table 1.21. TABLE 1.21 a) If re Pages 80 130 160 175 180 Hours C)If 10 d) N ec e) W a) From this information complete the production possibilities in...
3) Lori is studying economics and political science. She can read 30 pages of political science per hour but only 5 pages of economics per hour. This week she has a 50-page assignment in economics and a 150-page assignment in political science. Because of her job, she cannot devote more than 10 hours to studying these subjects this week. She realizes she cannot complete all of her assignments but is determined to complete at least 30 pages of her economics...
Billie is a trying to manage her time between studying economics and working. Suppose she has 10 hours available each week to either study or work. She makes $12 each hour babysitting local kids in her neighborhood, and each hour of studying increases her grade by 10% (in other words, if she does not study, she gets 0%, if she uses all of her time to study, she gets 100%). 1) Billie knows she needs at least a 70% to...
7. Problems and Applications Q1 Maria can read 20 pages of economics in an hour. She can also read 50 pages of sociology in an hour. She spends 5 hours per day studying. Use the blue line (circle symbol) to draw Maria's production possibilities frontier (PPF) for reading economics and sociology 200 т PPF 160 120 0 30 60 90 120 150 180 210 240 270 300 Sociology Pages pages of economics. Maria's opportunity cost of reading 100 pages of...
[Related to Solved Problem #1] 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 98 96 93 3 92 Score on economics exam 94 Use the multipoint curve drawing tool to plat a production possibilities frontier showing the trade-off between your economics grade and chemistry...
12 b. Draw J points, using the given tool below possibiles curve between movwtes wetched and pages studied Plot every point of the PPC,a total of 6 points Tools PPC 20 40 60 80100 120 Quantity of pages c. The opportunity cost of watching 2 movies is LTI pages of reading. e t Jeanter has aready watchoo s mow thetpy scost f wchi te th oeages of reading
(10 points) Mary has 24 hours before her microeconomies midterm. She has a econon after the micro midterm and has no time to study in between. Her utility function is given by erm. She has a econon etrics midterm directly u (e, m) 6104 omics midterm. where e is the score on the econometrics midterm and m is the score on the microecon Although she cares more about econometrics, she is better at microeconomics; for each hour spent st udying...
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