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jana is planning how to spend a particularly rainy sunday, and the choi…

Question

jana is planning how to spend a particularly rainy sunday, and the choice is between watching video movies (each lasting two hours) or studying economics. jana has 10 hours available. if jana decides to study, she could read the following number of pages at the rate as shown in the table below.

hourspages
465
680
890
1095

a. from this information, complete the production possibilities table below.

abcdef
pages studied0

b. draw jana’s production possibilities curve between movies watched and pages studied
note: plot every point of the ppc, a total of 6 points, using the given tool below.

jana’s production possibilities curve

(graph with per of movies on y - axis and other axis, and a tools section with ppc tool)

Explanation:

Step1: Calculate max movies

Each movie takes 2 hours, total time = 10 hours.
Maximum number of movies = $\frac{10}{2} = 5$

Step2: Map time to options

For each number of movies, calculate time spent on movies, then find remaining time for studying, and match to pages from the table:

  • Point A: 0 movies → 10 hours studying → 95 pages
  • Point B: 1 movie → $2\times1=2$ hours on movies, $10-2=8$ hours studying → 90 pages
  • Point C: 2 movies → $2\times2=4$ hours on movies, $10-4=6$ hours studying → 80 pages
  • Point D: 3 movies → $2\times3=6$ hours on movies, $10-6=4$ hours studying → 65 pages
  • Point E: 4 movies → $2\times4=8$ hours on movies, $10-8=2$ hours studying → 40 pages
  • Point F: 5 movies → $2\times5=10$ hours on movies, 0 hours studying → 0 pages

Answer:

Part a: Completed Production Possibilities Table
ABCDEF
Pages studied95908065400
Part b: Production Possibilities Curve Instructions

Plot the following 6 coordinate points (number of movies, pages studied) on the graph and connect them with a curve:

  1. (0, 95)
  2. (1, 90)
  3. (2, 80)
  4. (3, 65)
  5. (4, 40)
  6. (5, 0)

The curve will be downward-sloping and bowed outward, showing increasing opportunity cost.