4. Production Possibility FrontierAn economy consists of three workers: Rajiv, Yakov, and Charles. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Rajiv can either mow 1 lawn or wash 2 cars; Yakov can either mow 1 lawn or wash 1 car; and Charles can either mow 2 lawns or wash 1 car.

Module Two Quiz For each of the scenarios listed in the following table, determine how many lawns will be mowed and how many cars will be washed per these values into the corresponding row. Scenario Lawns Mowed Cars Washed All three spend all their time mowing lawns. (A) 40 0 All three spend all their time washing cars. (B) 0 40 All three spend half their time on each activity. (C) 20 20 Rajiv spends half his time on each activity, while Yakov only washes cars and Charles only 25 20 mows lawns. (D) In the following table, identify the opportunity cost of washing cars for each worker. Worker Opportunity Cost of Washing Cars Rajiv Yakov Charles Assume that the resources best suited to producing a particular service are preferentially used in the production of that service and that as th economy moves down along the production possibilities frontier, one worker at a time is transferred from mowing lawns to washing cars. Using Q Search BREAK THRU o V X