Yuting Su & 1 9 Homework: Chapter 02 Homework Score: 0 of 1 pt 2.2 Extra Problem
ID: 1137136 • Letter: Y
Question
Yuting Su & 1 9 Homework: Chapter 02 Homework Score: 0 of 1 pt 2.2 Extra Problem 2 20 of 35 (19 complete) HW Score: 46.43 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. If Harry uses his time to achieve allocative efficiency, he plays hours of lennis a week and his economics grade is percent. Figure 2 Grade in economics (percent) Wilingness to pay (percentage MB 10 12 012 Tennis (hours per week) Clear All emainingExplanation / Answer
Answer : From allocative efficiency point , Harry grade in Economics is 66% and he play tennis for 7 hours per week because from marginal benefit of the harry you realise that if he play tennis than the person forego 5 points in Economics. If harry play 7 hours than they are more efficient.If Harry study two hours more to get higher grade he would have fewer time to play tennis . Harry Marginal benefit from tennis implicated and Marginal cost of grade in Economics.So, it is efficient that he played more hours tennis and take lower grade in economics.
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