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Mathematics, 25.01.2021 20:30 bommat1085
Mike Jones bought an older house and wants to put in a new concrete driveway. The driveway will be 30 feet long, 10 feet wide, and 9 inches thick. Concrete (a mixture of sand, gravel, and cement) is measured by the cubic yard. One sack of dry cement mix costs $7.30, and it takes four sacks to mix up 1 cubic yard of concrete. How much will it cost Mike to buy the cement
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1. an economy consists of three workers: larry, moe, and curly. each works 10 hours a day and can produce two services: mowing lawns and washing cars. in an hour, larry can either mow one lawn or wash one car; moe can either mow one lawn or wash two cars; and curly can either mow two lawns or wash one car. a. calculate how much of each service is produced under the following circumstances: a. all three spend all their time mowing lawns. b. all three spend all their time washing cars. c. all three spend half their time on each activity d. larry spends half of his time on each activity, while moe only washes cars and curly only mows lawns b. using your answers to part a, draw a production possibilities frontier and label points a, b, c, and d on your graph. explain why the production possibilities frontier has the shape it does. c. are any of the allocations calculated in part a inefficient? explain.
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Mike Jones bought an older house and wants to put in a new concrete driveway. The driveway will be 3...
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