2.        If Frank can produce either 20 pizzas or 40 cheesecakes per day, the opportunity cost per pizza is equal to how many cheesecakes? If Fran can produce either 15 pizzas or 50 cheesecakes per day, which person (Frank or Fran) has an absolute advantage making pizzas? What about cheesecakes?

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter2: Economic Tools And Economic Systems
Section: Chapter Questions
Problem 3.6P
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2.        If Frank can produce either 20 pizzas or 40 cheesecakes per day, the opportunity cost per

pizza is equal to how many cheesecakes?

If Fran can produce either 15 pizzas or 50 cheesecakes per day, which person (Frank or Fran) has

an absolute advantage making pizzas? What about cheesecakes?

 

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