You have 6 hours to study for 2 exams tomorrow. The relationship between the time studying and test scores is shown below. Economics Psychology Hours 0 1 2 3 4 5 Score 55 63 70 76 81 85 88 Hours 0 1 2 3 4 Score 55 3 1 6 70 78 7万 5 61 66 73 75 76 a. Use the rule for determining optimal purchases to decide how many hours you should study each subject. Treat each point on an exam like 1 unit of utility and assume you are equally interested in doing well in economics and psychology. You should study economics for hours and psychology for hours.
You have 6 hours to study for 2 exams tomorrow. The relationship between the time studying and test scores is shown below. Economics Psychology Hours 0 1 2 3 4 5 Score 55 63 70 76 81 85 88 Hours 0 1 2 3 4 Score 55 3 1 6 70 78 7万 5 61 66 73 75 76 a. Use the rule for determining optimal purchases to decide how many hours you should study each subject. Treat each point on an exam like 1 unit of utility and assume you are equally interested in doing well in economics and psychology. You should study economics for hours and psychology for hours.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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