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, which of the foll... 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, which of the following statements is correct?
Understand the Problem
The question is asking which of the provided statements about a student's feasible frontier and indifference curves is correct, as depicted in a specific figure. It involves concepts from microeconomics related to preferences, choices, and trade-offs.
Answer
Any points above IC_3 are preferred but unattainable.
The final answer is: Any points above IC_3 are strictly preferred to the student’s final choice but are unattainable.
Answer for screen readers
The final answer is: Any points above IC_3 are strictly preferred to the student’s final choice but are unattainable.
More Information
The indifference curve analysis shows that points above IC_3 represent higher utility that the student desires but cannot reach with the given constraints.
Tips
Confusing feasible points with higher utility but unreachable points.
Sources
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