Huey can wash 2 cars or mow 2 lawns in one hour. Dewey can wash 2 cars or mow 4 lawns in one hour. Louie can wash 4 cars or mow 2 lawns in one hour.Suppose they each work 8 hours in one day.  Identify the total amount of each good produced by all three people assuming they each work the given combinations of hours.  Enter whole numbers.ScenarioCars WashedLawns MowedEach person works 8 hours washing cars and 0 hours mowing lawns  Each person works 0 hours washing cars and 8 hours mowing lawns  1 worker mows lawns (the best one) and the other 2 wash cars  2 workers mow lawns and the other worker washes cars

Question
Asked Sep 11, 2019
8 views

Huey can wash 2 cars or mow 2 lawns in one hour. Dewey can wash 2 cars or mow 4 lawns in one hour. Louie can wash 4 cars or mow 2 lawns in one hour.

Suppose they each work 8 hours in one day.  Identify the total amount of each good produced by all three people assuming they each work the given combinations of hours.  Enter whole numbers.

Scenario Cars Washed Lawns Mowed
Each person works 8 hours washing cars and 0 hours mowing lawns    
Each person works 0 hours washing cars and 8 hours mowing lawns    
1 worker mows lawns (the best one) and the other 2 wash cars    
2 workers mow lawns and the other worker washes cars    
check_circle

Expert Answer

Step 1

The opportunity cost of H, D and L in mowing 1 lawn can be calculated as follows

Step 2
help_outline

Image Transcriptionclose

Total mowing Oppurtunity cost of mowing = Total car wash 2 2 Total mowing Oppurtunity cost of mowing= Total car wash 2 4 =0.5 Total mowing Oppurtunity cost of mowing =Total car wash 11 4 2 2

fullscreen
Step 3

a.

 

If each person works 8 hours washing car and 0-hour mowing lawns, the number...

Want to see the full answer?

See Solution

Check out a sample Q&A here.

Want to see this answer and more?

Solutions are written by subject experts who are available 24/7. Questions are typically answered within 1 hour.*

See Solution
*Response times may vary by subject and question.
Tagged in

Business

Economics

Related Economics Q&A

Find answers to questions asked by student like you
Show more Q&A
add
question_answer

Q: Suppose that the government believes the economy is not producing goods and services at its optimal ...

A: Here, it can be stated that the government is not producing at the optimal level. i.e., the economy ...

question_answer

Q: 13 If a 10% decrease in the price of gas causes a 30% increase in the demand for standard sized auto...

A: “Hey, since there are multiple questions posted, we will answer first question. If you want any spec...

question_answer

Q: Which of the following are true of an economy operating with a negative GDP gap? Check all that appl...

A: Gross Domestic Product (GDP at MP): This is the gross market value of all the final commodities gene...

question_answer

Q: The following two linear functions represent a market (thus one is a supply function, the other a de...

A: 1.) Market equilibrium price: Equate supply and demand function to get the value of market equilibri...

question_answer

Q: If planned expenditures are below actual production, what will happen to income?  Explain the proces...

A: If planned expenditure is below than the actual production, then the income will decrease. Because, ...

question_answer

Q: Suppose that MUx = 10 and MUy = 20. Further suppose that the consumer’s budgetconstraint can be expr...

A: Budget line (or price line): A budget line shows all bundles (i.e. combination of two commodities) w...

question_answer

Q: 3. We often work with production technologies that give rise to initially increasing marginal produc...

A: Marginal Product:Marginal product refers to the change in output due to the change in inputs. Altern...

question_answer

Q: Why are perfectly competitive markets considered economically efficient?

A: There are several forms of the market that exists in the real world out of which perfect competition...

question_answer

Q: Later, the teaching assistant in Clancy’s economics course gives him some advice. “Based on past exp...

A: Click to see the answer