(Table: Trade-off of Study Time and Leisure Time) Use 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.The table shows the combinations of study and leisure time that can be produced in the 16 waking hours of each day.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

Samantha Laura · Accepted Answer

Final Answer : B, Explanation :  The point where the student is studying 4 hours and spending 10 hours doing leisure activities is inside the production possibility frontier. This means that it is feasible, but not the most efficient use of the student's time. The student could potentially increase their study time and decrease leisure time to be on the production possibility frontier and achieve a more efficient use of their time.

Definitions

Learning Objectives

Learning Objectives

Related questions