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Harry enjoys tennis but wants a high grade in his economics course. Figure 1 shows Harry's PPF. Figure 2 shows Harry's marginal benefit curve for tennis. Harry would be economics because off getting a higher grade in If Harry uses his time to achieve allocative efficiency, he plays 6 hours of tennis a week and his economics grade is O A. worse; his marginal cost of tennis would exceed his marginal benefit B. worse; his marginal benefit from tennis would exceed his marginal cost 70 percent. OC. better; then he could play more tennis O D. better; it would raise his GPA ..... ....

Harry enjoys tennis but wants a high grade in his economics course. Figure 1 shows Harry's PPF. Figure 2 shows Harry's marginal benefit curve for tennis. Harry would be economics because off getting a higher grade in If Harry uses his time to achieve allocative efficiency, he plays 6 hours of tennis a week and his economics grade is O A. worse; his marginal cost of tennis would exceed his marginal benefit B. worse; his marginal benefit from tennis would exceed his marginal cost 70 percent. OC. better; then he could play more tennis O D. better; it would raise his GPA ..... ....

Principles of Microeconomics
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter22: Frontiers Of Microeconomics
Section: Chapter Questions
Problem 6PA
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Harry enjoys tennis but wants a high grade in his economics course. Figure 1 shows Harry's PPF. Figure 2 shows Harry's marginal benefit curve for tennis. Harry would be economics because off getting a higher grade in If Harry uses his time to achieve allocative efficiency, he plays 6 hours of tennis a week and his economics grade is O A. worse; his marginal cost of tennis would exceed his marginal benefit B. worse; his marginal benefit from tennis would exceed his marginal cost 70 percent. C. better; then he could play more tennis D. better; it would raise his GPA ..... Figure 1 Figure 2 Grade in economics (percent) 90- Willingness to pay (percentage points per t 12- 10+.... 80 78- 75- 8+ 70- 60- 4 2- MB PPF 10 40+ 0+ 6 8 12 8 10 12 Tennis (hours per week) Tennis (hours per week)
Transcribed Image Text:Harry enjoys tennis but wants a high grade in his economics course. Figure 1 shows Harry's PPF. Figure 2 shows Harry's marginal benefit curve for tennis. Harry would be economics because off getting a higher grade in If Harry uses his time to achieve allocative efficiency, he plays 6 hours of tennis a week and his economics grade is O A. worse; his marginal cost of tennis would exceed his marginal benefit B. worse; his marginal benefit from tennis would exceed his marginal cost 70 percent. C. better; then he could play more tennis D. better; it would raise his GPA ..... Figure 1 Figure 2 Grade in economics (percent) 90- Willingness to pay (percentage points per t 12- 10+.... 80 78- 75- 8+ 70- 60- 4 2- MB PPF 10 40+ 0+ 6 8 12 8 10 12 Tennis (hours per week) Tennis (hours per week)
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