each worker works for 10 hours a day
lawns (in 1 hour ) | cars washed ( in 1 hour ) | |
lady | 1 | 1 |
Moe | 1 | 2 |
Curly | 2 | 1 |
scenario | lawns mowed | cars washed |
all three spend all Time mowing lawn (A) | 10 + 10 + 20 = 40 | 0 |
all three spend all Time washing cars (B) | 0 | 10 + 20 + 10 = 40 |
all three spend half of their time n each activity | 5+ 5+ 10= 20 | 5+ 10 + 5 = 20 |
lary spends half his time on each , moe only washes and curly only mows lawns | 5+ 20= 25 | 5 + 20 = 25 |
line connecting ADB is the production .frontier
false ,
the production frontier is not a straight line.It is a smoothly bowed outwards curve .
allocation | efficient | inefficient |
A | yes | |
B | yes | |
C | inefficient | |
D | yes |
10. workers: Larry, Moe, and Curly. Each works 10 hours a day and can produce two...
4. Problems and Applications Q4 An economy consists of three workers: Brian, Edison, and Kevin. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Brian can either mow 1 lawn or wash 2 cars; Edison can either mow 1 lawn or wash 1 car; and Kevin can either mow 2 lawns or wash 1 car. For each of the scenarios listed in the following table, determine how many lawns will be mowed...
4. Problems and Applications Q4 An economy consists of three workers: Bob, Eric, and Kenji. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Bob can either mow 2 lawns or wash 1 car; Eric can either mow 1 lawn or wash 1 car; and Kenji can either mow 1 lawn or wash 2 cars. For each of the scenarios listed in the following table, determine how many lawns will be mowed...
We were unable to transcribe this imageAssume that the resources best sulted to producing a partícular service are preferentially used in the production of that service and that as the economy moves down along the production possibiNties frontlier, one worker at a time is transferred from mowing lawns to washing cars. Using the blue points (circle symbol), graph the production possibilities frontier (PPF) for this economy on the following graph. Then use the black point (plus symbol to identify point...
An economy consists of three workers: Tim, Brian, and Edison. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Tim can either mow 1 lawn or wash 1 car; Brian can either mow 1 lawn or wash 2 cars; and Edison can either mow 2 lawns or wash 1 car. For each of the scenarios listed in the following table, determine how many lawns will be mowed and how many...
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Attempts: Average:5 4. Problems and Applications Q4 An economy consists of three workers: Charles, Gilberto, and Lorenzo. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Charles can either mow 1 lawn or wash 1 car; Gilberto can either mow 1 lawn or wash 2 cars; and Lorenzo can either mow 2 lawns or wash 1 car, For each of the scenarios listed in the following table, determine how many...
please help. show the exact points for the graph. 4. Problems and Applications Q4 An economy consists of three workers: Van, Carlos, and Felix. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Van can either mow 1 own or wash 1 car; Carlos can either mow 1 lawn or wash 2 cars, and Felix can either mow 2 lawns or wash 1 For each of the scenarios listed in...
Can someone please help me with the rest of this question? Please explain the graph as much as possible because it really confuses me. Thanks in advance! 4. Problems and Applications Q4 An economy consists of three workers: Raphael, Alex, and Clancy. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Raphael can either mow 1 lawn or wash 1 car; Alex can either mow 1 lawn or wash 2...