The test will be held 15 hours later. Ben has yet to study for it. Suppose an
Question:
The test will be held 15 hours later. Ben has yet to study for it. Suppose an hour of study can increase the score by 5 in the test.
(a) Draw the budget constraint of Ben. (Hint: good x is sleeping in hours, and good y is test score
(b) The test is unexpectedly delayed for 5 hours. Do you think that ben's test score must be higher? Explain your answer intuitively and graphically.
(c) Although the test is delayed for 5 hours, ben finds that some of the course materials are much more difficult than expected. For the first 10 hours, an hour of study can increase the score by 5. For the rest, an hour of study can increase the score by 3 only. Draw the new budget constraint of ben.
(d) Suppose ben choose to sleep for 10 hours in part c. Will ben be worse off in part d? Explain your answer intuitively and graphically.
Expert Answer:
a Bens financial restrictions can be illustrated as a straight line with a slope of 5 and an intercept of 75 since he can either study for the full 15 ... View the full answer
