Last quarter was very stressful because you had difficult classes. You decided to continue to work 10 hours a week and take 3 classes instead of 4, which results in only spending 20 hours a week on...

Last quarter was very stressful because you had difficult classes. You decided to continue to work 10 hours a week and take 3 classes instead of 4, which results in only spending 20 hours a week on school.

• Where are you producing relative to the Production Possibilities Frontier? (On, Below, or Above)

• If the goal in economics is to be efficient in your allocation of scarce resources, in this case your time, are you operating at an efficient point?

• What would you adjust in the future with respect to your hours at your job or the number of classes you take?