Grade will increase one letter for that subject

Assignment Help Microeconomics

Reference no: EM13789430

Suppose, unfortunately, your mathematics and economics professors have decided to give tests two days from now and you can spend a total of only 12 hours studying for both exams. After some thought, you conclude that dividing your study time equally between each subject will give you an expected grade of C in each coarse. For each additional three hours of study time for one of the subjects, your grade will increase one letter for that subject, and your grade will fall one letter for the other subject.

A) Construct a table for the production possibilities and corresponding number of hours of study in this case.

B) Plot these production possibilities data in a graph.

C) Does this production possibilites curve reflect the law of increasing opportunity costs? Explain

Reference no: EM13789430

Questions Cloud

Compute income taxes payable : Compute income taxes payable for 2015. Prepare the journal entry to record income tax expense, deferred income taxes, and income taxes payable for 2015. Prepare the income tax expense section of the income statement for 2015, beginning with the line ..

How ordinary business functions will be conducted : XYZ Partnership consists of 10 general partners. As a general rule, what is the minimum number of these partners that would have to agree on how ordinary business functions will be conducted?

A firm hires a resource in a perfectly competitive resource : If a firm hires a resource in a perfectly competitive resource market A. it must also be a price taker in the product market B. it must also be a monopolist in the product market

Find three print examples of the kind of promotional methods : Find three print examples of the kind of promotional methods that constitute ambush or experiential marketing. Evaluate each example in terms of effectiveness of the sensory input provided.

Grade will increase one letter for that subject : Suppose, unfortunately, your mathematics and economics professor have decided to give tests 2 days from now and you can only spend a total of 12 hours studying for both exams. After some thought, you conclude that dividing your study time equally bet..

What pre-tax net annual savings would be realized : Whitmer inc. sells to customers all over the u.s., and all receipts come in to it's headquarteres in New York City. The firm's average accounts receivable balance is $2.5 million, and they are financed by a bank loan at an 6.5% annual interest rate.

Usiness like this do to prevent employee fraud of this kind : Dylan worked for a propane gas distributor as an accounting clerk in a small Midwestern town. Last winter, his brother Mike lost his job at the machine plant. By January, temperatures were sub-zero, and Mike had run out of money. What can a business ..

The price of gasoline at a particular station : Suppose that the price of gasoline at a particular station two months ago was $2.80 per gallon (keep it simple-assume one grade of gas). The past month, the price of gas was $3.10 per gallon. Assuming 20,100 gallons were sold two months ago and 20,00..

Compute for leslie fay the ratios shown in exhibit : Prepare common-sized financial statements for Leslie Fay for the period 1987-1991. For that same period, compute for Leslie Fay the ratios shown in Exhibit. Given these data, which financial statement items do you believe should have been of particul..

User Account

All Pages