1. belinda needs $2400 fast. she has the option of borrowing the $2400 for 5 days at an apr of 500% or borrowingthe $2400 for 5 days with a fee of $180. she realizes that neither scenario is very good, but she wants to choose theoption that is best for her. belinda decide which is the "better" deal. (5 points: part 1 - 1 point; part 11 - 1 point, part iii - 1 point; part iv-1 point; part v- 1 point)part i: what is the length of the period of the $2400 loan for 5 days for a fee of $180? part ii: what is the number of periods for 1 year? part iii: what is the periodic interest rate of the $2400 loan for 5 days for a fee of $180? part iv: what is the apr of the $2400 loan for 5 days for a fee of $180?

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.