Consider a representative university student who decides how much time to spend on study. Let us call this student Bruno
Posted: Wed Apr 27, 2022 11:41 am
Consider a representative university student who decides how
much time to spend on study. Let us call this student Bruno, who
has been using academic cheating websites for a year in order to
‘boost’ his performance. Somehow, he has not been caught once. Now
consider Angela, another representative university student who also
decides how much time to spend on study. She has been a study group
which helps her to keep up with the study material as well as to
improve her time management and note-taking skills. A year ago,
both students studied 35 hours per week and achieved 65%.
Currently, they study 32 hours per week and achieve 75%.
Assume i) the two students faced the same feasible frontier a
year ago, and ii) they have the same preference.
Do the following:
• Illustrate the effect of cheating on Bruno’s feasible frontier
and his optimal decision using a fully labelled diagram where i)
the horizontal axis represents the hours of free time per week, and
ii) the vertical axis represents academic performance (measured out
of 100).
• Illustrate the effect of using a study group on Angela’s
feasible frontier and her optimal decision using another fully
labelled diagram with the same axes as the previous diagram.
• Explain the key information of your diagrams.
(200 words max)
much time to spend on study. Let us call this student Bruno, who
has been using academic cheating websites for a year in order to
‘boost’ his performance. Somehow, he has not been caught once. Now
consider Angela, another representative university student who also
decides how much time to spend on study. She has been a study group
which helps her to keep up with the study material as well as to
improve her time management and note-taking skills. A year ago,
both students studied 35 hours per week and achieved 65%.
Currently, they study 32 hours per week and achieve 75%.
Assume i) the two students faced the same feasible frontier a
year ago, and ii) they have the same preference.
Do the following:
• Illustrate the effect of cheating on Bruno’s feasible frontier
and his optimal decision using a fully labelled diagram where i)
the horizontal axis represents the hours of free time per week, and
ii) the vertical axis represents academic performance (measured out
of 100).
• Illustrate the effect of using a study group on Angela’s
feasible frontier and her optimal decision using another fully
labelled diagram with the same axes as the previous diagram.
• Explain the key information of your diagrams.
(200 words max)