6. Suppose you must divide your time between studying for your math final and writing a final...
Question:
6. Suppose you must divide your time between studying for your math final and writing a final paper for your English class. The fraction of time that you spend studying math and its relation to your grade in the two classes is given in the table below.
a. Draw a tradeoff curve for the math grade versus the English grade.
b. What is the opportunity cost of increasing the time spent on math from 80 to 100 percent? What is the opportunity cost of increasing the time spent on math from 60 to 80 percent?
c. Are there increasing opportunity costs from spending more time on math? Explain.
d. Suppose your parents want you to get a 92 in both subjects. What would you tell them?
Step by Step Answer:
Principles Of Microeconomics
ISBN: 9784492370292
6th Edition
Authors: John B. Taylor, Akila Weerapana