Use the following graphs to work Problem. Harry enjoys tennis but wants a high grade in his economics course. The graphs show his PPF for these two "goods" and his MB curve from tennis. 11eb8296_44d0_777e_8eeb_c7c531ebad92_SM2864_00 11eb8296_44d0_777f_8eeb_4995b2882f9b_SM2864_00 a. If Harry uses his time to achieve allocative efficiency, what is his economics grade and how many hours of tennis does he play? b. Explain why Harry would be worse off getting a grade higher than your answer to part (a).

Macroeconomics 11th Edition by Michael Parkin

Edition 11ISBN: 9780133423884

Macroeconomics 11th Edition by Michael Parkin

Edition 11ISBN: 9780133423884

Exercise 13

Use the following graphs to work Problem. Harry enjoys tennis but wants a high grade in his economics course. The graphs show his PPF for these two "goods" and his MB curve from tennis.

a. If Harry uses his time to achieve allocative efficiency, what is his economics grade and how many hours of tennis does he play?
b. Explain why Harry would be worse off getting a grade higher than your answer to part (a).

Explanation

Verified

a) The graph below shows Harry's PPF. Al...