Piney woods conservation is a company that attempts to offset the effects of deforestation. a local forest contains approximately 500,000 trees. lumber companies are continuously clearing the forest at a rate of 4.7% per year. piney woods conservation is about to begin planting trees in the region throughout each year at an average rate of 15,000 trees per year. they are curious to know how long it will be before the number of trees they have planted will be equal to the number of trees still remaining in the forest.

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.