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Q. Hana takes two examinations. Her overall grade for the course will be the maximum of her scores on the two examinations. She decides to spend a total of 400 minutes studying for these two examinations. If she spends 1 minutes studying for the first examination, her score on the exam will be 11 x=m 5. If she spends 2 minutes studying for the second exam, her score on this exam will be 22 x=m 10

(1) Draw a "budget line" showing the various combinations of scores on the two exams that she can achieve with a total of 400 minutes of studying.

(2) Draw two or three indifference curves for Hana?

(3) Find her optimal choice. What is her overall score for the course?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9156024

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