Question

12 b. Draw J points, using the given tool below possibiles curve between movwtes wetched and pages studied Plot every point of the PPC,a total of 6 points Tools PPC 20 40 60 80100 120 Quantity of pages c. The opportunity cost of watching 2 movies is LTI pages of reading. e t Jeanter has aready watchoo s mow thetpy scost f wchi te th oeages of reading

Answer 1

a) If 0 movies are watched , Jennifer will have 10 hours to study and she will study 105 pages.

If 1 movie is watched , Jennifer will have 8 hours to study and she will study 100 pages.

If 2 movies are watched , Jennifer will have 6 hours to study and she will study 90pages.

If 3 movies are watched , Jennifer will have 4 hours to study and she will study 75 pages.

If 4 movies are watched , Jennifer will have 2 hours to study and she will study 45 pages.

If 5 movies are watched , Jennifer will have 0 hours to study and she will study 0 pages.

b)The production possibility curve of Jennifer is:

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c) If she watches two movies, she will be able to read 90 pages compared to 105 pages if she watches 0 movies. So, her opportunity cost of watching 2 movies is (105-90)= 15 pages.

d) If Jennifer watches 3 movies , she will be able to study only 75 pages and will not be able to study 85 pages.

e) After watching 4 movies, Jennifer can study 45 pages and after watching 5 movies, she can study 0 pages. So the opportunity cost of watching 5th movie will be (45-0) = 45 pages. So, if we watches 5th movie, she will not be able to study 45 pages.