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Answer all the questions. Avoid unnecessary details. Question 3: Table below presents the data on a representative university student's basic economic problem of choice demonstrating

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Answer all the questions. Avoid unnecessary details.

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Question 3: Table below presents the data on a representative university student's basic economic problem of choice demonstrating the two ends of the student resource allocation= grades {academic achievement) and goodies {social achievement). The college student has labor= capital and human capitalfresources to allocate between these two pursuit s. Grades [Grade Goodies Point Average {llll} Scale} fGPA.\" D ID {Blissful Nirvana) l 9 2 S 3 T 4 I5 5 4 3 2 1 ll} {Abject Misery) i} Drawfconstruct the appropriate graphlcurve by drawing grades on thevertical axis and grades on the horizontal axis and determine its slope. Interpret the finding s-\"graph and explain the all possibilities. ii} Suggest the technical name{s) of the curve and its slope. Explain the underlying concept which you have observed in this situation. Use economic reasoning to explain the response. iii} Show the situation if the student does not use the resources efficiently or

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