EconomicsPlease give understable explanation. Answer Urgently for upvote Start by letting point A represent thepoint improvement combination onJade's exams when she spends all 4hours studying economics. Then pointB is the point improvementcombination when she spends 3 hourson economics and 1 hour on astronomyand so on.Calculate the marginal benefit of oneadditional hour studying each subject. The Core Principles of Economics-End of Chapter ProblemJade has midterms in economics and astronomy tomorrow and only has four hours left to study. The accompanying tableprovides the combinations of time spent studying economics and astronomy and her expected exam scores.Hours Spent Economics Hours SpentExamScore6080909598StudyingEconomics01234StudyingAstronomy01234AstronomyExamScore7083879092a. Use the graph to plot the production possibilities frontier for Jade's study options.a. Use the graph to plot the production possibilities frontier for Jade's study options.Point improvement to your economics score4038363432302826242220181614121086420A B C D E0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40Point improvement to your astronomy score

Jade's point improvement combinations from two subjects are similar to production possibility…

he Core Principles of Economics-End of Chapter Problem de has midterms in economics and astronomy tomorrow and only has four hours left to study. The accompanying table ovides the combinations of time spent studying economics and astronomy and her expected exam scores. Hours Spent Economics Hours Spent Exam Score 60 80 90 95 98 Studying Economics 0 1 2 3 4 Studying Astronomy 0 1 2 3 4 Astronomy Exam Score 70 83 87 90 92 Use the graph to plot the production possibilities frontier for Jade's study options. Point improvement to your economics score 40 38 36 34 32 30 28 26 24 22 20 18 16 14 12 10 8 6 4 2 0 possiomties onder Jade's study opuo ABCDE 0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 Point improvement to your astronomy score

he Core Principles of Economics-End of Chapter Problem de has midterms in economics and astronomy tomorrow and only has four hours left to study. The accompanying table ovides the combinations of time spent studying economics and astronomy and her expected exam scores. Hours Spent Economics Hours Spent Exam Score 60 80 90 95 98 Studying Economics 0 1 2 3 4 Studying Astronomy 0 1 2 3 4 Astronomy Exam Score 70 83 87 90 92 Use the graph to plot the production possibilities frontier for Jade's study options. Point improvement to your economics score 40 38 36 34 32 30 28 26 24 22 20 18 16 14 12 10 8 6 4 2 0 possiomties onder Jade's study opuo ABCDE 0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 Point improvement to your astronomy score

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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