Aschool typically sells 500 yearbooks in a year for $50 each. the economics class does a project and discovers that they can sell150 more yearbooks for every $5 decrease in price. the revenue for yearbook sales is r(x) = (500 + 125x)(50 -5x). 1.) to maximize profit, what price should the school charge for the yearbooks? (choose one of the multiple choice) a) 35 b) 40 c) 45 d) 50 2.) what is the possible maximum revenue? (choose one of the multiple choice) a) 25,000 b) 30,625 c) 43,750 3.) and if the school attains the maximum revenue, how many yearbooks will they sell? (choose one of the multiple choice) a) 500 b) 625 c) 750 d) 875

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.