and you Hours of free time per day 19 24 The figure shows a student's feasible frontier and her indifference curves for her final exam grade and the hours of free time per day. Based on this information, which of the following statements is correct? The student prefers D to C, as D is on the feasible frontier. A or B may be chosen over C despite being on a lower indifference curve, as the student would never choose a point below the feasible frontier. Any points above IC3 are strictly preferred to the student's final choice but are unattainable. The student should try to attain as high a grade as possible.

and you Hours of free time per day 19 24 The figure shows a student's feasible frontier and her indifference curves for her final exam grade and the hours of free time per day. Based on this information, which of the following statements is correct? The student prefers D to C, as D is on the feasible frontier. A or B may be chosen over C despite being on a lower indifference curve, as the student would never choose a point below the feasible frontier. Any points above IC3 are strictly preferred to the student's final choice but are unattainable. The student should try to attain as high a grade as possible.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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The utility possibility frontier is defined as the set of maximum utility levels for all consumers that is feasible in the economy, given resource constraints and preferences. For a two-consumer economy, it is defined formally as the solution to: u (ūB) = max u A (xA) subject to ug(xB) > ūg and (xA, XB)feasible. For each of the economies above, find an equation for the utility possibilities frontier, and graph it.
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image attached
Please help me to solve questions (a) (b) (e). (especially question e). thank you!
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