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in the image above consider the x-axis, e as effort given by an individual. The y-axis represents the individual payoff, as described by the function

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in the image above consider the x-axis, e as effort given by an individual. The y-axis represents the individual payoff, as described by the function of e mapped to each production curve. At point e', the image above shows that a An individual can invest less energy and effort and achieve the same payoff. The tecimologi.r parameter a contracts the production frontier for a given level of effort The technology parameter [I expands the production frontier for a given level of effort A 8; C None of the above. b. c. d. e. Again, consider the image from question 2. From the beiow options, which are possible values of the parameter :1? Choose all that apply. a. 0 b. @135 cm 0.9 d. 1 e. 1.9 f. None of the above

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