Use the following to answer question:
-(Table: Trade-off of Study Time and Leisure Time) Use Table: Trade-off of Study Time and Leisure Time.A student sleeps 8 hours per day and divides the remaining time between study time and leisure time.The table shows the combinations of study and leisure time that can be produced in the 16 waking hours of each day.If a student decides to consume one additional hour of leisure time,how many hours of study time must she give up?
Definitions:
Perpetuity
A type of annuity that pays a fixed amount of money to an individual indefinitely, without a termination date.
Annual Percentage Rate
The annual rate charged for borrowing or earned through an investment, including any fees or additional costs associated with the transaction.
Effective Annual Rate
The annual rate of interest that accounts for compounding over the year, providing a true reflection of the financial product's yield.
Rate of Return
The net gain or loss on an investment over a specified time period, expressed as a percentage of the investment's initial cost.
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