Question: EIO' Home Insert [35 Design Layout v References E Macro_Hamework_1(1) Mailings Review View Acrobat 3. The PPF below shows Harry's choices between studying economics and


EIO' Home Insert [35" Design Layout v References E Macro_Hamework_1(1) Mailings Review View Acrobat 3. The PPF below shows Harry's choices between studying economics and playing tennis per week. Use the graph and the concepts such as scarcity, having to make choices, efciency, and trade off, as presented by PPF, in answering the following questions. Assume Harry has set aside 10 hours each week for when he can either spend playing tennis and/or studying economics. So, for example, if he decides to play 6 hours of tennis, he must have 4 hours to study economics. (12 points) FIGURE 2.2 a '1 (0 0 Ho Glade in mt: [new] so '0 2 4 6 a I o Tami; um...\" W in...\" :1. Explain what a point like g inside the PPF means. (3 pain/s) h. Explain the movement from point g to point gr (3 pain\") c. Explain the movement om point 4 to point e? (3 points) d. Is Hany'd choice at point \"i" an efcient one? explain. (3 points) v :4- Share v Page 2 of 4 778 words U? English (United States) V+ 116%
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