Question

s Question Completion Status: Quantity of Lawns Mowed Consider the production possibility frontier above based on the Larry, Moe, and Curly scenario. Which point depicts the situation where: All three spend all their time mowing lawns All three spend all their time washing cars All three spend half their time on each activity - Larry spends half his time on each activity, while Moe only washes cars and Curly only mows lawns -

three things required, use the graph to answer the question. explain why .thank you

Answer 1

1) Point E shows point where all three spend all their time mowing lawns. No car washed so point intersect x-axis.

2) Point A is where all three spend all their time washing cars. No lawns mowed so point intersect y-axis.

3) Point C is where all three spend half of their time on each activity. Point is in between PPF because half time is spend on mowing lawns and half on washing cars.

4) Point F

5) Efficient because point is on PPF.

6) Efficient because point is on PPF.

7) Efficient because point is on PPF.

8) Inefficient because point lies inside PPF.