Question 2| [10 marks, max 200 words] Consider a representative university student who decides how much time to spend on
Posted: Wed Apr 27, 2022 1:08 pm
Question 2| [10 marks, max 200 words] 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
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