Consumers in a certain state can choose between three long-distance telephone services: gtt, ncj, and dash. aggressive marketing by all three companies results in continual shift of customers among the three services. each year, gtt loses 30% of its customers to ncj and 15% to dash, ncj loses 10% of its customers to gtt and 5% to dash, and dash loses 30% of its customers to gtt and 30% to ncj. assuming that these percentages remain valid over a long period of time, what is each company's expected market share in the long run?

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.