Business, 05.09.2020 06:01, jdkrisdaimcc11

Maria and Simone are roommates. They spend most of their time studying (of course), but they leave some time for their favorite activities: making pizza and brewing root beer. Maria takes 3 hours to brew a gallon of root beer and 2 hours to make a pizza. Simone takes 7 hours to brew a gallon of root beer and 5 hours to make a pizza.1. Megan's opportunity cost of making a pizza is:.a. 2/3 gallon. b. 5/7 gallon. c.1 1/2 gallons. d. 1 2/5 gallons. Who has an absolute advantage in making pizza, and who has a comparative advantage in making pizza?2. If Megan and Susan trade foods with each other who will trade away pizza in exchange for root beer?3. The price of pizza can be expressed in terms of gallons of root beer. The highest price at which pizza can be traded that would make both roommates better off isof root beer, and the lowest price that makes both roommates better off isof root beer per pizza.

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Maria and Simone are roommates. They spend most of their time studying (of course), but they leave s...