Suppose there is a simple index of two stocks - stock A and stock B. Stock A
opens on Monday with 10,000 shares at $4.25 per share. Stock B opens on
Monday with 5000 shares at $6.75 per share. Stock A opens on Tuesday at
$4.50 per share, and stock B opens on Tuesday at $6.35 per share. Both
stocks have the same number of shares that they opened with on Monday.
What is the rate of change of this simple index over 1 day?
O A. -0.9%
O B. 0.9%
O c. -0.7%
O D. 0.7%

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.