The figure shows a student’s feasible frontier and her indifference curves for her final exam grade and the hours of free time per day. Based on this information, read the following statements and select the correct one.
Image failed to load:

Question

The figure shows a student’s feasible frontier and her indifference curves for her final exam grade and the hours of free time per day. Based on this information, read the following statements and select the correct one.

Image failed to load:

Accepted Answer

Any points above IC_3 are strictly preferred to the student’s final choice but are unattainable.

Answer

The student prefers D to C, as D is on the feasible frontier.

Answer

The student should try to attain as high a grade as possible.

Answer

A or B may be chosen over C despite being on a lower indifference curve, as the student would never choose a point below the feasible frontier.

Crowdly

The figure shows a student’s feasible frontier and her indifference curves for h...

Want instant access to all verified answers on learning.monash.edu?