Explain the sense in which your frontiers can be described as 'efficient", and the difference (if any) between your restricted and unrestricted efficient frontiers. Which is the more efficient? (15%)

Suppose you are able to borrow or lend limitless amounts at a certain rate of interest.Illustrate and explain the implications for the efficient frontier, and also for portfolio selection decisions where investors have the same information but differing degrees of risk aversion.No calculations are necessary for this section.(10%)

please explain each question clearly, not just paste the explanation of efficient frontier