The figure shows the indifference curves of a student for the two ‘goods’, free time and final grade. Based on this information, read the following statements and select the correct one.
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Question

The figure shows the indifference curves of a student for the two ‘goods’, free time and final grade. Based on this information, read the following statements and select the correct one.

Accepted Answer

At A, the student is willing to give up 34 grade points for five extra hours of free time.

Answer

The student strictly prefers a grade of 54 with 19 hours of free time to a grade of 67 with 18 hours of free time.

Answer

A is the student’s only most preferred choice as she would be attaining the highest grade.

Answer

If at B the number of free hours is 10, then the student is 50% happier at A than at B.

Crowdly

The figure shows the indifference curves of a student for the two ‘goods’, free ...

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