cholastica is taking a class from Professor Chaos Professor

cholastica is taking a class from Professor Chaos. Professor Chaos gives two tests in this course and determines a student’s grade as follows. He determines the smaller of the following two numbers: half of the score on the first test (which is a relatively easy test) and the total score on the second test. He gives each student a numerical score equal to the smaller number and then ranks the students. Scholastica would like to be ranked as high as possible in Professor Chaos’s rankings. If we represent her score on the first exam on the horizontal axis and her score on the second exam on the vertical axis, then her indifference curves

Solution

Will be straight lines. The intercept on vertical axis will be twice the intercept of horizontal axis.

cholastica is taking a class from Professor Chaos. Professor Chaos gives two tests in this course and determines a student’s grade as follows. He determines the

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