05 Jun Question ES2550: Week 2 Graph and Interpret the Production
Question
ES2550: Week 2
Graph and Interpret the Production Possibilities Model
The following table shows grades a student could earn in his or her computer networking
course and economics course given a total of 10 study hours each week. The grades shown
reflect the students choice to allocate different amounts of study hours to his or her
computer networking and economics courses. Using the myeconlab grapher software
http://www.mathxl.com/info/grapher.aspx, plot the points in the production possibilities
table below and use those points to graph the production possibilities curve. Please start
your graph at the origin, and label each axis clearly.
To paste the graphed image on a Word document, press and hold ALT, then press
PrtScrn while viewing the graphed image. Select a point on the Word document to paste
the graph. Press and hold Ctrl, then press V.
Choice
Hours Studying
Hours Studying
Computer
Computer
Economics
Networking Grade
Networking
(in Percentage
Economics Grade
(in Percentage
Terms)
Terms)
A
10
0
100
0
B
8
2
90
20
C
6
4
75
40
D
4
6
55
60
E
2
8
30
80
F
0
10
0
100
Page 1
ES2550: Week 2
Graph and Interpret the Production Possibilities Model
Next, answer the following questions.
1. Does this graph display constant or increasing opportunity cost? Explain.
2. If this student is earning 60 points in computer networking and 50 points in economics,
is this point efficient, inefficient, or unattainable? Explain.
3. If this student wishes to earn 95% in each course, could the student make adjustments
to make this scenario possible? Explain.
4. What is the opportunity cost of earning a 100% instead of 80% in the economics
course? Explain.
Submission Requirements:
Attach a Word document that contains all answers.
Format: Double line space, Times New Roman, 12-point font
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