Pat and Kris are roommates. making pizza and brewing root beer. Pat takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza. Kris takes 6 hours to brew a gallon of root beer and 4 hours to make a pizza. What is each roommate’s opportunity cost of making a pizza? Who has the absolute advantage in making pizza? Who has the comparative advantage in making pizza?
Pat and Kris are roommates. making pizza and brewing root beer. Pat takes 4 hours to brew a gallon of root beer and 2 hours to make a pizza. Kris takes 6 hours to brew a gallon of root beer and 4 hours to make a pizza. What is each roommate’s opportunity cost of making a pizza? Who has the absolute advantage in making pizza? Who has the comparative advantage in making pizza?
Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN:9781285165875
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter3: Interdependence And The Gains From Trade
Section: Chapter Questions
Problem 3PA
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Pat and Kris are roommates. making pizza and brewing
root beer. Pat takes 4 hours to brew a gallon of root
beer and 2 hours to make a pizza. Kris takes 6 hours
to brew a gallon of root beer and 4 hours to make a
pizza.
What is each roommate’s
making a pizza? Who has the
in making pizza? Who has the
advantage in making pizza?
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