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)
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ISBN:9781285165875
Author:N. Gregory Mankiw
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Chapter3: Interdependence And The Gains From Trade
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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 opportunity cost of

making a pizza? Who has the absolute advantage

in making pizza? Who has the comparative

advantage in making pizza?

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