(Solved): 4) (16 pts) The graph depicts the feasibility set and a set of indifference curves for a student wh ...

4) (16 pts) The graph depicts the feasibility set and a set of indifference curves for a student who would like to decide upon the combination of free time and final grade that would yield her the maximum utility. Indicate whether the following statements are true or false. You will not be given any credit unless you present an explanation for the false statement a) (4 pts) All the resources are used both at B and A because they are on the same indifference curve b) (4 pts) Student will get the same grade either at A or D. Therefore, she will get the same utility (happiness) independently of her choice. c) (4 pts) The best outcome for this individual is point $\mathrm{H}$ because she will have the highest utility. d) (4 pts) The opportunity cost of moving form $\mathrm{C}$ to $\mathrm{E}$ is zero because she is moving along the same indifference curve