Question completion Status Uber and Lyft recently announced they would be enteri

Question

Question completion Status Uber and Lyft recently announced they would be entering the scooter transportation market. So, both companies will be offering rides via scooter and car. Using the PPF below, how long does it take Lyft to complete a scooter ride? Uber and Lyft Production of Car Rides and Scooter Rides 4000 Both companies have 1,000 hours of labor available to them.. 3000 Number of Scooter Rides lyR 1000 2000 4000 6000 8000 Number of Car Rides O 10 minutes O 15 minutes O 30 minutes O 4 hours

Explanation / Answer

Both companies have 1000 hours and according to the given PPF of Lyft, it could either complete 2000 scooter rides in this 1000 hours or 6000 car rides in 1000 hours.

It means that Lyft complete 2000 scooter rides in 1000 hours ( 1000*60 = 60,000 minutes)

So it could complete 1 scooter rides in 60,000/2,000 minutes = 30 minutes

Lyft will take 30 minutes to complete a scooter ride.

Correct ans is C) 30 minutes

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