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You have 10 hours in which to study for both a french test and a economics test. Construct a model to determine your allocation of study hours. Include as assumptions the points you "gain" from an hour of study time in each subject and your desired outcome on each test?...How would I do this and can someone explain this to me

2006-12-12 12:17:53 · 1 answers · asked by Matthew W 1 in Social Science Economics

1 answers

You treat it like a utility maximization for products. Your income is your available time = 10 hours. The prices are hours of study for a point on tests. The desired outcome is you utility function.

2006-12-12 21:01:47 · answer #1 · answered by meg 7 · 1 0

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