Compare and Contrast Observe the 2 graphs to the left:
1) How are they similar?
2) How are they different?
They are similiar because...
They are different because...

Reduce fractions expressing probability to lowest terms. in 3,000 repetitions of an experiment, a random event occurred in 500 cases. the expected probability of this event is?

Susie wants to take her friend out for lunch. she wants to spend $9.75 each person. how much will she spend in all.

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.