Question: Draw a graph that shows the Markowitz effecient frontier and the line from the RFR to the tangent of this effecient frontier, and show as

 Draw a graph that shows the Markowitz effecient frontier and the
Draw a graph that shows the Markowitz effecient frontier and the line from the RFR to the tangent of this effecient frontier, and show as an example, an utility curve U1 of an investor 1 who invests in the risk free rate asset and the portfolio M (on the effecient frontier corresponding to the portfolio that is also in the line from RFR that is tangent to the effecient frontier), and a utility curve U2 of an investor 2 who borrows at the risk free rate and invest in portfolio M.

CML-Capital Market line . 8/ Draw a graph that shows the Markowitz efficient frontier and the line from RFR to the tangent of this efficient frontier, and show as an example, an utility curve U1 of an investor 1 who invests in the risk free rate asset and the portfolio M described above, and an utility curve U2 of an investor 2 who borrows at the risk free rate and invest in portfolio M

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