The optimal allocation of time for studying for final exams is always situated at a tangency point between an indifference curve and the
A) time constraint line
B) origin
C) indifference curve with the maximum value of utility

Question

Quizplus · Accepted Answer

The optimal allocation of time for studying for final exams is determined by the point where the highest level of utility (indifference curve) is achieved while staying within the constraint of the limited amount of time available (time constraint line). Therefore, the correct answer is A, as it represents the time constraint line. The origin (B) is not directly relevant to the decision of how to allocate studying time, and the indifference curve with the maximum value of utility (C) may not be attainable given the time constraint, and as such is not the best choice.

The Optimal Allocation of Time for Studying for Final Exams