The following diagram is the feasible set of a student, showing the combinations of her final grade and the hours of free time per day. Based on this information, we can say that:... The following diagram is the feasible set of a student, showing the combinations of her final grade and the hours of free time per day. Based on this information, we can say that: • The marginal rate of transformation increases with higher number of free hours. • C would never be chosen over A. • Whether the student would choose A or B depends on her preferences. • At A, the student can attain grade of 81 for 14 hours of study.
Understand the Problem
The question is about analyzing the diagram of a student's final grade in relation to the hours of free time per day, and determining implications based on the information provided, such as the marginal rate of transformation and choices between different combinations of study and free time.
Answer
The marginal rate of transformation increases with higher number of free hours.
The correct statement is: The marginal rate of transformation increases with higher number of free hours.
Answer for screen readers
The correct statement is: The marginal rate of transformation increases with higher number of free hours.
More Information
The marginal rate of transformation (MRT) indicates the trade-off between free time and grades. An increase in MRT with more free hours suggests a greater opportunity cost associated with earning higher grades.
Sources
AI-generated content may contain errors. Please verify critical information
