Caden owns a popular retail website. the initial number of transactions that took place in the first hour of day is 10 and the number of transactions doubles every hour after that. which statement best describes the initial number of transactions in this situation? the initial number of transactions is neither an independent nor a dependent variable. the initial number of transactions is an independent variable. the initial number of transactions is a dependent variable. the initial number of transactions is both an independent and a dependent variable.

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.