Consider a representative university student who decides how
much time to spend on studying. Let us call this student Bruno, who
has been using academic cheating websites for a year 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 studying. She has been
in a study group, which helps her keep up with the study material
and 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.
Consider a representative university student who decides how much time to spend on studying. Let us call this student Br
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answerhappygod
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Consider a representative university student who decides how much time to spend on studying. Let us call this student Br
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