Finder File Edit View Go Window Help - & FriMar 15 1:32AM @ ng.cengage.com 2 R RN '..w CENGAGE ' MINDTAP Q Search this course BCLITELS Module Two Quiz @ X 4. Production Possibility Frontier PROFILE 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 2 lawns or wash 1 car; Alex can either mow 1 lawn or wash 1 car; and Clancy can either mow 1 ORDERS lawn or wash 2 cars. RENTALS COURSES v 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 day and enter these values into the corresponding row. Scenario Lawns Mowed Cars Washed All three spend all their time mowing lawns. (A) Study tools e 5 All three spend all their time washing cars. (B) All three spend half their time on each activity. (C) College Success Tips o o . Raphael spends half his time on each activity, while Alex only washes cars and Clancy only mows lawns. (D) Career Success Tips @ 0 Help In the following table, identify the opportunity cost of washing cars for each worker. Worker Opportunity Cost of Washing Cars | i [c]\\o) Raphael Alex Clancy @& Finder File Edit Go Window Help = S Fri Mar 15 1:32AM @ ng.cengage.com N 72 CENGAGE | MINDTAP ) Q Search this course lanuar Module Two Quiz @ X In the following table, identify the opportunity cost of washing cars for each worker. Worker Opportunity Cost of Washing Cars PROFILE PP Y 9 Raphael v Alex v ORDERS - - Clancy v RENTALS Assume that the resources best suited to producing a particular service are preferentially used in the production of that service and that as the (o N 2 IR economy moves down along the production possibilities frontier, 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 A, the green point (triangle symbol) to identify point B, the orange point (square symbol) to identify point C, and the purple point (diamond symbol) to identify point D on the graph. Study tools College Success Tips Career Success Tips @ 0 Help | i [c]\\o) Quantity of Lawns Mowed Finder File Edit View Go Window Help 98 Q g Fri Mar 15 1:32 AM