Author Question: Calculation of Optimal ConsumptionYou have 5 hours to study for two exams tomorrow. The table shows ... (Read 61 times)

billyboy7272 · **on:** Nov 23, 2022

Calculation of Optimal Consumption

You have 5 hours to study for two exams tomorrow. The table shows the relationship between hours of study and your test scores.

Economics Hours	Economics Score	Physics Hours	Physics Score
0	9	0	15
1	39	1	42
2	63	2	399
3	81	3	414
4	93	4	423
5	99	5	426

If you value both exams the same, you should study ________ hours for economics and ________ hours for physics.
Suppose you plan on going to graduate school for economics, so you value each point you earn on an economics exam as being worth 2 times as much as each point you earn on a physics exam, you should study ________ hours for economics and ________ hours for physics.
◦ 2, 3, 3, 2
◦ 3, 2, 4, 1
◦ 3, 2, 5, 0
◦ 2, 3, 4, 1

nora9826 · **Reply #1 on:** Nov 23, 2022

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