Problem
1. Illustrate the PPF for each individual where lawns are on the horizontal axis and car washes on the vertical axis. Carefully label the intercepts. Then construct the economy-wide PPF using this information.
2. Continuing with the same data set, suppose Carrie Anne's productivity improves so that she can now cut grass as efficiently as Louis; that is, she can cut grass in one hour, and can still wash a car in one half of an hour.
(a) In a new diagram draw the PPF for each individual.
(b) In this case does specialization matter if they are to be as productive as possible as a team?
(c) Draw the new PPF for the whole economy, labelling the intercepts and kink point coordinates.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.