Question

ulz: SLO1&SLO 2 Scarcity and Opportunity Co (Copy) is Question: 1 pt 3 of 8 (2 complete) This Quiz: Tom's lawn service specializes in mowing lawns and trimming bushes. Tom has 4 hours to devote to lawn services. In 1 hour, he can mow 4 lawns or trim 6 bushes Use the line drawing tool to graph Tom's production possibilities frontier given he has 4 hours to devote to lawn services. Properly label this line Carefully follow the instructions above, and only draw the required objects Tom's opportunity cost of mowing lawns in terms of trimming bushes is trimmed 24 bushes per mowed lawn. (Enter your response rounded to two decimal places) 10 12 14 16 18 20 Quantity of lawns mowed

Answer 1

Given that Tom can 4 lawns in 1 hour and in total 4 hours he can mow 16 lawns or trim 6 times 4 = 24 bushes. Thus the PPF has 16 lawns or 24 bushes Quantity of bushes trimmed Number of lawns mowed Mowing 4 lawns is the equivalent of trimming 6 bushes Mowing 1 lawn is the equivalent of trimmer \r\n -ng 6/4 bushes. The opportunity cost of mowing a lawn is 1.5 trimmed bushes. Tom's opportunity cost of moving lawns is terms of trimming bushes is 1.5 trimmed bushes per mowed lawn.