shawnee is putting $3,500 into an account earning 4.85% interest compounded quarterly. she estimates that it will take just
over 11 years for this investment to grow to $6,000. which of the following is a true statement?
a shawnee's estimate of the time is too low
b shawnee's estimate of the time is correct
c. shawnee's estimate of the time is too high
d. shawnee does not have enough information to estimate the time
select the best answer from the choices provided

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.