4. Problems and Applications Q4 An economy consists of three workers: Edison, Kevin, and Rajiv. Each works 10 hours a day and can produce two services: mowing lawns and washing cars. In an hour, Edison can either mow 2 lawns or wash 1 car: Kevin can either mow 1 lawn or wash 1 car; and Rajiv can either mow 1 lawn or wash For each of the scenerios isted in the following tebie, determime how meny lewns wiW be mowed and how many cars wllbe washed per day end enter these values into the comespanding row. Lawns Mowed Cars Washed All three spend all their time mowing lawns. (A) All three spend all their time washing cars, (B) All three spend half their time on each activity. (C Edison spends half his time on each activity, while Kevin only washes cars and Rajiv only mows lawns. [D) In the following table, identify the opportunity cost of weshing cars for ech worker Worker Opportunity Cost of Washing Cars Edison Rajiv Assume that the resources best suited to producing a particutar service are preferentially used in the productian of that service and that as the economy moves down elong the production possibilities frontier, one worker at atime is transferred frorn mowing lewns to washing cars. Using the ue ponts (circie symbal), graph the production possibifities frontier (PPF) for ths economy on the followng 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 G, and the purple point (diamond symbol) to dentify point D on the greph. 10 D 15 20 25 3 45 0 Ouantity of Cars Wahed True or False: The production possibilities frontier consists of straight-line segments, rather then being smoothly bowed outward throughout, because each worker faces ธ constant trade-off between mowing lawns and washing cars. O True Fase Indicete whether each of the following Wocstions is efficient or neicient. Allocation Efficient Inefficient
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