Use the following to answer questions :
-(Table: Trade-off of Study Time and Leisure Time) Look at the table Trade-off of Study Time and Leisure Time. A student sleeps 8 hours per day and divides the remaining time between study and leisure time. Suppose this student is studying 4 hours and spending 10 hours doing leisure activities. This point is:
A)outside the production possibility frontier.
B)inside the production possibility frontier.
C)on the production possibility frontier.
D)both efficient and feasible.

Question

Use the following to answer questions : 
-(Table: Trade-off of Study Time and Leisure Time) Look at the table Trade-off of Study Time and Leisure Time. A student sleeps 8 hours per day and divides the remaining time between study and leisure time. Suppose this student is studying 4 hours and spending 10 hours doing leisure activities. This point is:
A)outside the production possibility frontier. 
B)inside the production possibility frontier. 
C)on the production possibility frontier. 
D)both efficient and feasible.

Quizplus · Accepted Answer

The point where the student is studying 4 hours and spending 10 hours doing leisure activities is inside the production possibility frontier, indicating that it is both feasible and efficient. If the student were to allocate more time to studying or leisure activities, they would have to give up some of the other activity and move outside the production possibility frontier.

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